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$BTC $ETH $US #合约 #合约交易 #Live Trading Record
🗓 9/28 21:30 CST
11.8% of the contracts are up, while the remaining 644 are down. Honestly, this is a pretty ugly market.
BTC is down 1.58% to 83,525. Contract turnover is 10.605 billion, volume hasn’t shrunk, but open interest is actually -1.46%, down to 7.956 billion. Translated: leverage is being pulled back—nobody wants to add positions at this level.
Funding rates: BTC +0.00604%, ETH +0.00075%. Longs are still paying interest, but they’re paying reluctantly—sentiment isn’t one-sided.
The clearest signal of USD and liquidity preference is at the two ends of the ranking board. On the gainers list, QNT is +49.48%, but its funding rate is -0.01548%—the shorts are packed in tightly and even getting squeezed into a short squeeze. Even more extreme: ONE has a funding rate of -0.23579%, and it’s up +18.13% in a day.
On the other side, the most crowded longs are US and it’s +0.07202% but down 23.66%; the lobster coin is +0.05188% but down 33.81%. Paying the highest price gets hit the hardest.
Do you usually watch this funding rate number?
—— Alpha Quantitative Technology
The above are my order book notes and personal views and do not constitute any investment advice, nor do they promise profits. Contracts use leverage—make your own judgment; you’re responsible for your own gains and losses.
$BTC $ETH $US #合约 #合约交易 #Live Trading Record
🗓 9/28 21:30 CST
11.8% of the contracts are up, while the remaining 644 are down. Honestly, this is a pretty ugly market.
BTC is down 1.58% to 83,525. Contract turnover is 10.605 billion, volume hasn’t shrunk, but open interest is actually -1.46%, down to 7.956 billion. Translated: leverage is being pulled back—nobody wants to add positions at this level.
Funding rates: BTC +0.00604%, ETH +0.00075%. Longs are still paying interest, but they’re paying reluctantly—sentiment isn’t one-sided.
The clearest signal of USD and liquidity preference is at the two ends of the ranking board. On the gainers list, QNT is +49.48%, but its funding rate is -0.01548%—the shorts are packed in tightly and even getting squeezed into a short squeeze. Even more extreme: ONE has a funding rate of -0.23579%, and it’s up +18.13% in a day.
On the other side, the most crowded longs are US and it’s +0.07202% but down 23.66%; the lobster coin is +0.05188% but down 33.81%. Paying the highest price gets hit the hardest.
Do you usually watch this funding rate number?
—— Alpha Quantitative Technology
The above are my order book notes and personal views and do not constitute any investment advice, nor do they promise profits. Contracts use leverage—make your own judgment; you’re responsible for your own gains and losses.