$BE 24h rose 8.362% to 294.36, yet the 1-hour held position value fell by 4.06%—the position is being withdrawn while it’s still going up. This move looks more like short-covering support than a true long push!
The buy/sell ratio over the last 15 minutes is only 0.254; sellers have the edge when it comes to order flow, and they flip in the other direction. Trading value is just 0.92 times the 24h hourly average, and the funding rate is 0—no one is subsidizing anyone.
Only by holding above 293.65 (the level from 1 hour ago) does this interpretation make sense. If price breaks below that level, the momentum for covering is considered to be gone.
#BE
The buy/sell ratio over the last 15 minutes is only 0.254; sellers have the edge when it comes to order flow, and they flip in the other direction. Trading value is just 0.92 times the 24h hourly average, and the funding rate is 0—no one is subsidizing anyone.
Only by holding above 293.65 (the level from 1 hour ago) does this interpretation make sense. If price breaks below that level, the momentum for covering is considered to be gone.
#BE
