$GWEI surged 2.58x in one hour, positions value up 6.76% to 3.589 million, with the price rising from 0.02266 to 0.02331—volume, open positions, and price all lifting together; this looks like the new batch pushing upward!
But the buy-sell initiative ratio is only 0.967; it doesn’t return to 1 until 15 minutes later—order flow isn’t one-sided. Funding rate is +0.005%, with longs paying slightly; the party chasing starts to incur costs.
The interpretation of adding positions driving the push upward holds, but the prerequisite is that the price doesn’t fall back to the 0.02266 level from one hour ago. If that level is lost, it means the new batch can’t hold; even the 24h high of 0.02406 would just become the ceiling.
#GWEI
But the buy-sell initiative ratio is only 0.967; it doesn’t return to 1 until 15 minutes later—order flow isn’t one-sided. Funding rate is +0.005%, with longs paying slightly; the party chasing starts to incur costs.
The interpretation of adding positions driving the push upward holds, but the prerequisite is that the price doesn’t fall back to the 0.02266 level from one hour ago. If that level is lost, it means the new batch can’t hold; even the 24h high of 0.02406 would just become the ceiling.
#GWEI
