$MEW 15 minutes of buying orders is 1.66 times that of sell orders, yet the price is down 0.61%—the hands that can’t smash it are counting money for the shorts!
Current price: 0.0005199; 1 hour ago: 0.0005326. 24h high: 0.0005792, low: 0.0004684. 24h rise: 6.75%, trading volume: 48.63 million. In the last hour, the trading amount is only 0.63 times the 24h hourly average. The ratio of aggressive buy to sell is 1.069, rising to 1.655 within 15 minutes. Open interest value is 3.199 million, down 2.82% over the last hour. Funding rate: -0.1544%—shorts pay the longs.
No volume expansion, and open interest is still declining, yet the price drops first—this suggests reduction of positions leaving the market rather than new selling pressure. With buy orders more aggressive and the side holding shorts effectively subsidizing costs, the power to push the price down is running out. Reclaiming the 1-hour-ago price of 0.0005326 counts as confirming support; dropping below the 24h low of 0.0004684 means it’s broken.
#MEW order book
Current price: 0.0005199; 1 hour ago: 0.0005326. 24h high: 0.0005792, low: 0.0004684. 24h rise: 6.75%, trading volume: 48.63 million. In the last hour, the trading amount is only 0.63 times the 24h hourly average. The ratio of aggressive buy to sell is 1.069, rising to 1.655 within 15 minutes. Open interest value is 3.199 million, down 2.82% over the last hour. Funding rate: -0.1544%—shorts pay the longs.
No volume expansion, and open interest is still declining, yet the price drops first—this suggests reduction of positions leaving the market rather than new selling pressure. With buy orders more aggressive and the side holding shorts effectively subsidizing costs, the power to push the price down is running out. Reclaiming the 1-hour-ago price of 0.0005326 counts as confirming support; dropping below the 24h low of 0.0004684 means it’s broken.
#MEW order book
