$ESPORTS 24h drops 11.458%, yet the funding rate gets smashed to -0.0871%—every round of the shorts has to pay the longs back. This posture is squeezing out something abnormal!
Price in the last hour moved from 0.01119 back to 0.01136. Trading volume is only 0.61 times the 24h hourly average. Open interest is 7.091 million, up 0.9% in the last hour. The aggressive buy/sell ratio is 1.165, and in 15 minutes it’s 1.694. Shrinking volume with a rebound + buyers taking the order flow + shorts paying the fee—this looks more like shorts are crowded rather than fresh short pressure.
If the price falls back to the 24h low of 0.01083, this read will be invalid.
#ESPORTS
Price in the last hour moved from 0.01119 back to 0.01136. Trading volume is only 0.61 times the 24h hourly average. Open interest is 7.091 million, up 0.9% in the last hour. The aggressive buy/sell ratio is 1.165, and in 15 minutes it’s 1.694. Shrinking volume with a rebound + buyers taking the order flow + shorts paying the fee—this looks more like shorts are crowded rather than fresh short pressure.
If the price falls back to the 24h low of 0.01083, this read will be invalid.
#ESPORTS
