$MOVE funding rate -0.0443%, yet the price still pushed to 0.01 and +12.399% in 24h—shorts still have to pay instead of being paid, with open position value rising 8.57% in 1 hour to 2.365 million!
The 1-hour trading value is 4.9x the 24h hourly average; the aggressive buy/sell ratio is 1.004, nearly a tie; and over 15 minutes the figure is 0.775, turning toward the sell side. Volume and open interest increased, and the fee rate is negative again—this looks more like shorts absorbing costs than new longs chasing.
As long as price doesn’t fall back below 0.009712 from 1 hour ago, this interpretation holds; if it breaks the 24h low of 0.00889, the read is invalid.
#MOVE
The 1-hour trading value is 4.9x the 24h hourly average; the aggressive buy/sell ratio is 1.004, nearly a tie; and over 15 minutes the figure is 0.775, turning toward the sell side. Volume and open interest increased, and the fee rate is negative again—this looks more like shorts absorbing costs than new longs chasing.
As long as price doesn’t fall back below 0.009712 from 1 hour ago, this interpretation holds; if it breaks the 24h low of 0.00889, the read is invalid.
#MOVE
