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$BTC $ETH $SOON #合约 #合约交易 #Live trading record
🗓 9/29 00:33 CST
The order book doesn’t look right. First, let’s lay out the numbers.
In 730 USDT perpetuals, only 113 are up and 617 are down. The number of gainers is 15.5%. BTC at 83,996 is still down 0.63%, yet HBAR is still up +36.18%. In this situation, chasing the biggest movers is basically running into a venue where nobody’s taking over.
What’s even more striking is “l0bster”/the shrimp coin: 24-hour -27.52%, while the funding rate is still showing +0.05412%. The longs are holding the line while both the funding rate and the drawdown are coming together—everyone knows when either side will loosen their grip. BTC’s open interest is 7.91 billion, and it’s down another 0.70% over 24 hours. Leverage is actually contracting, not expanding.
Anyway, all the sentiment is squeezed into small coins, while the index doesn’t move. I’d rather not do much with this structure.
Do you usually pay attention to the funding rate number?
—— Alpha Quantitative Technology
The above is the order book record and my personal views. It does not constitute any investment advice, nor does it promise returns. Trading with leverage involves risk—please judge for yourself and take full responsibility for profits and losses.
$BTC $ETH $SOON #合约 #合约交易 #Live trading record
🗓 9/29 00:33 CST
The order book doesn’t look right. First, let’s lay out the numbers.
In 730 USDT perpetuals, only 113 are up and 617 are down. The number of gainers is 15.5%. BTC at 83,996 is still down 0.63%, yet HBAR is still up +36.18%. In this situation, chasing the biggest movers is basically running into a venue where nobody’s taking over.
What’s even more striking is “l0bster”/the shrimp coin: 24-hour -27.52%, while the funding rate is still showing +0.05412%. The longs are holding the line while both the funding rate and the drawdown are coming together—everyone knows when either side will loosen their grip. BTC’s open interest is 7.91 billion, and it’s down another 0.70% over 24 hours. Leverage is actually contracting, not expanding.
Anyway, all the sentiment is squeezed into small coins, while the index doesn’t move. I’d rather not do much with this structure.
Do you usually pay attention to the funding rate number?
—— Alpha Quantitative Technology
The above is the order book record and my personal views. It does not constitute any investment advice, nor does it promise returns. Trading with leverage involves risk—please judge for yourself and take full responsibility for profits and losses.