After ARK’s rebound that saw a sharp “price surge” alongside continued position reductions. The publicly available data from Binance at 09:47 (UTC+8) shows that the $ARK perpetual contract is at 0.2715, up 9.04% in 24 hours. The spot market is up 15.38% over the past 24 hours, with both markets moving in the same direction.
In the previous complete 1-hour period, the perpetual contract rose from 0.2301 to 0.2587, up 12.43%. Trading volume was about 12.32 million USDT, with the quarter-over-quarter (QoQ) change increasing 324.64%. Spot rose 12.86% in the same hour, and the trading volume’s QoQ change increased 602.76%. The current price is also 4.95% higher than that hour’s close, but this is not a synchronized chase with new positions.
Quantity OI decreased by 3.39% in the most recent hour, and the 30-point window decreased by 25.72%. The Funding indicator value is -0.7074%, and the most recent settlement is also -0.7026%. Price rebounding, OI contracting, and deeply negative Funding occurring at the same time looks more like shorts getting squeezed after de-leveraging rather than a newly confirmed uptrend of fresh longs; OI alone also cannot distinguish the direction of the remaining positions.
0.2694 was the high of the previous complete hour. Only if the price holds above that level, trading activity continues, and OI stops falling, might this rebound turn into a more stable follow-through. If it drops back below 0.2587 and continues to shrink positions, I will treat this upswing as a short squeeze for now and won’t chase higher prices.
In the previous complete 1-hour period, the perpetual contract rose from 0.2301 to 0.2587, up 12.43%. Trading volume was about 12.32 million USDT, with the quarter-over-quarter (QoQ) change increasing 324.64%. Spot rose 12.86% in the same hour, and the trading volume’s QoQ change increased 602.76%. The current price is also 4.95% higher than that hour’s close, but this is not a synchronized chase with new positions.
Quantity OI decreased by 3.39% in the most recent hour, and the 30-point window decreased by 25.72%. The Funding indicator value is -0.7074%, and the most recent settlement is also -0.7026%. Price rebounding, OI contracting, and deeply negative Funding occurring at the same time looks more like shorts getting squeezed after de-leveraging rather than a newly confirmed uptrend of fresh longs; OI alone also cannot distinguish the direction of the remaining positions.
0.2694 was the high of the previous complete hour. Only if the price holds above that level, trading activity continues, and OI stops falling, might this rebound turn into a more stable follow-through. If it drops back below 0.2587 and continues to shrink positions, I will treat this upswing as a short squeeze for now and won’t chase higher prices.
