$CT 24h is up 16.4%, but within 1 hour it was dumped from 0.49444 to 0.46203—down 6.55%. Trading value surged to 3.16x the 24-hour hourly average. Open interest dropped sharply by 22.57% in one go—this isn’t new short pressure coming in; it’s longs rushing for the exit!
The 1-hour aggressive buy/sell ratio is 0.869, with the seller taking the block—market sells. In the 15-minute window it returned to 1.26; someone is taking it. Funding rate is -0.0044%, yet shorts still have to pay—this indicates shorts are not crowded.
If 0.49444 (from 1 hour ago) isn’t reclaimed, the bearish interpretation holds; if it climbs back above the 24-hour high of 0.53185, that thesis is invalid.
#CT
The 1-hour aggressive buy/sell ratio is 0.869, with the seller taking the block—market sells. In the 15-minute window it returned to 1.26; someone is taking it. Funding rate is -0.0044%, yet shorts still have to pay—this indicates shorts are not crowded.
If 0.49444 (from 1 hour ago) isn’t reclaimed, the bearish interpretation holds; if it climbs back above the 24-hour high of 0.53185, that thesis is invalid.
#CT
