$BTW 15 minutes active buy/sell surged to 1.718; within an hour it shot up 6.53%—the bid queue is eating orders violently, which is unusual!
The trading volume in the last hour is 1.86 times the 24-hour average; open positions increased 6.24% to 144 million. Price rising while positions rise, with new longs being pushed in. The active buy/sell ratio in the last hour is 1.121, also leaning toward the buy side. However, the funding rate is already +0.0255%, which is relatively high. The bulls have started paying, and the crowded side is prone to an opposite-side liquidation.
Invalidation condition: if it falls back below 1.2351 from one hour ago, this bullish read becomes void.
#BTW
The trading volume in the last hour is 1.86 times the 24-hour average; open positions increased 6.24% to 144 million. Price rising while positions rise, with new longs being pushed in. The active buy/sell ratio in the last hour is 1.121, also leaning toward the buy side. However, the funding rate is already +0.0255%, which is relatively high. The bulls have started paying, and the crowded side is prone to an opposite-side liquidation.
Invalidation condition: if it falls back below 1.2351 from one hour ago, this bullish read becomes void.
#BTW
