$CBRS 24h fell 7.447%, with the price at 185.02 almost sitting on the 24h low of 184.57. Yet the 1-hour open position value actually increased by 4.67% to 11.51 million—new short positions are pressing lower!
In the past hour, the buy-sell activity ratio was 0.589, and over 15 minutes it was 0.775; sellers have the advantage in taking orders. Turnover value is 1.39x the 24h hourly average. Funding rate is 0—no one is subsidizing anyone.
The way to interpret this new short entry is: only a break below the 24h low of 184.57 confirms it. If price bounces back above 189.16 (from 1 hour ago), it would suggest this was just turnover at low levels.
#CBRS
In the past hour, the buy-sell activity ratio was 0.589, and over 15 minutes it was 0.775; sellers have the advantage in taking orders. Turnover value is 1.39x the 24h hourly average. Funding rate is 0—no one is subsidizing anyone.
The way to interpret this new short entry is: only a break below the 24h low of 184.57 confirms it. If price bounces back above 189.16 (from 1 hour ago), it would suggest this was just turnover at low levels.
#CBRS
