$US 24 hours rose by 51.269%, yet the funding rate is hanging at +0.0777%—at this level, longs have to pay out of their own pocket just to hold their positions. It’s a bit unusually crowded!
In a 1-hour span, the price only moved from 0.025999 to 0.026535, and trading volume shrank to 0.28 times the 24h hourly average. The active buy/sell ratio was 0.951; over 15 minutes it was 0.998. Sellers are slightly in favor, and the held position value inched up 1.41% to 18.89 million.
A contraction in volume with a slight uptick looks more like longs are stubbornly holding rather than new money chasing higher prices. If the price reclaims above 0.025999 with increased volume, or if it directly breaks through the 24h high of 0.028679, then this cautious read would be invalid.
#US
In a 1-hour span, the price only moved from 0.025999 to 0.026535, and trading volume shrank to 0.28 times the 24h hourly average. The active buy/sell ratio was 0.951; over 15 minutes it was 0.998. Sellers are slightly in favor, and the held position value inched up 1.41% to 18.89 million.
A contraction in volume with a slight uptick looks more like longs are stubbornly holding rather than new money chasing higher prices. If the price reclaims above 0.025999 with increased volume, or if it directly breaks through the 24h high of 0.028679, then this cautious read would be invalid.
#US
