$RIVER In one hour, volume surged 3.21x, shooting up to 1.217; the 24h high is 1.224 right overhead. The aggressive buy/sell ratio is only 0.854—what gets pushed up is the price, but the orders being filled are from the seller!
In the past hour: +2.44%, open position value up 2.83% to 6.691 million; funding rate +0.0351%. Bulls are paying, and it’s not light. With volume and increased positions paired with sell-side order fills, it looks more like bears are posting limit orders around 1.22 to get filled, while bulls “borrow size” for turnover.
Holding above 1.188 one hour ago makes the interpretation from increased positions plausible; if it falls back below that level, then this spike is just turnover/distribution.
#RIVER
In the past hour: +2.44%, open position value up 2.83% to 6.691 million; funding rate +0.0351%. Bulls are paying, and it’s not light. With volume and increased positions paired with sell-side order fills, it looks more like bears are posting limit orders around 1.22 to get filled, while bulls “borrow size” for turnover.
Holding above 1.188 one hour ago makes the interpretation from increased positions plausible; if it falls back below that level, then this spike is just turnover/distribution.
#RIVER
