$PUMP 24h surged 19.42% to 0.00603. But within the hour, the active buy/sell imbalance is only 0.695, and in just 15 minutes it dropped further to 0.595—price is high, and the sell orders are getting eaten!
In this past hour, the price retreated from 0.005871 to 0.005728, down 2.44%. The open-position value decreased 2.27% to 117 million. The成交 amount is only 0.91× the 24h hourly average. The long side is reducing positions and exiting rather than piling in new shorts. Funding rate is +0.005%, meaning the long side is still paying slightly.
To fix it, it first needs to reclaim 0.005871 from one hour ago; only if it breaks below the 24h low of 0.004768 will this “reduced-position / de-risking” read be considered fully completed.
#PUMP
In this past hour, the price retreated from 0.005871 to 0.005728, down 2.44%. The open-position value decreased 2.27% to 117 million. The成交 amount is only 0.91× the 24h hourly average. The long side is reducing positions and exiting rather than piling in new shorts. Funding rate is +0.005%, meaning the long side is still paying slightly.
To fix it, it first needs to reclaim 0.005871 from one hour ago; only if it breaks below the 24h low of 0.004768 will this “reduced-position / de-risking” read be considered fully completed.
#PUMP
