$MDB 24h fell 17.67%. In this hour it was almost motionless; the buy/sell ratio on the order book shows 1.471—but within 15 minutes it had already dropped to 0.359, and the buy orders disappeared in an instant!
The trading volume is only 0.11x the 24h hourly average. The open-position value has shrunk to 521,100. The longs are exiting rather than adding new short pressure. The funding rate is +0.0037%, and longs are still paying a small amount. The interpretation is a weak equilibrium of volume contraction and position reduction; it won’t hold if it can’t stand above 338.33, so the bias remains weak.
#MDB
The trading volume is only 0.11x the 24h hourly average. The open-position value has shrunk to 521,100. The longs are exiting rather than adding new short pressure. The funding rate is +0.0037%, and longs are still paying a small amount. The interpretation is a weak equilibrium of volume contraction and position reduction; it won’t hold if it can’t stand above 338.33, so the bias remains weak.
#MDB