$INJ Large holders’ longs have already been pushed up to 4.2, yet retail traders are still net short—both sides are moving in completely opposite directions, with the long side still paying top-tier rent.
Binance Perpetuals: Large holders’ L/S positions over the past 72 hours have been raised from 2.67 to 4.20 (about +80.8% on the long side). Meanwhile, the retail accounts’ ratio is stuck at 0.88 (about +46.7% on the long side, net short). The gap has widened to 3.32. Funding rates have had 14 out of the last 21 periods at a premium of 0.01% at the maximum level; the most recent stretch has hit the full amount for 6 consecutive periods. Roughly annualized, that’s about 11%. OI quantity is down 12.6% over 7 days (after earlier deleveraging already took a bite), but over the past 24h it’s up 2.4%, a small refill.
Current price is around 7.50, riding right along the 4H SMA20. The Bollinger range is 7.23–7.76. The 7-day high of 8.69 is still far away; the low is 7.17. The active buy-sell ratio is about 0.99 over the past ~6 hours, so it’s not chasing a breakout.
This isn’t “squeezing longs and shorts from both sides”; it’s a structural split: large holders pay interest to lock longs, while retail traders are net short and collecting rent. What to watch next is whether it can hold above the 7.76 upper Bollinger band and try the previous high again. If it falls back to 7.23–7.17, this batch of 80% large-holder long positions becomes worn-down fuel. You large holders who are paying the interest, or the retail traders collecting the rent?
$INJ #合约数据 #资金费率 #long/short ratio
Binance Perpetuals: Large holders’ L/S positions over the past 72 hours have been raised from 2.67 to 4.20 (about +80.8% on the long side). Meanwhile, the retail accounts’ ratio is stuck at 0.88 (about +46.7% on the long side, net short). The gap has widened to 3.32. Funding rates have had 14 out of the last 21 periods at a premium of 0.01% at the maximum level; the most recent stretch has hit the full amount for 6 consecutive periods. Roughly annualized, that’s about 11%. OI quantity is down 12.6% over 7 days (after earlier deleveraging already took a bite), but over the past 24h it’s up 2.4%, a small refill.
Current price is around 7.50, riding right along the 4H SMA20. The Bollinger range is 7.23–7.76. The 7-day high of 8.69 is still far away; the low is 7.17. The active buy-sell ratio is about 0.99 over the past ~6 hours, so it’s not chasing a breakout.
This isn’t “squeezing longs and shorts from both sides”; it’s a structural split: large holders pay interest to lock longs, while retail traders are net short and collecting rent. What to watch next is whether it can hold above the 7.76 upper Bollinger band and try the previous high again. If it falls back to 7.23–7.17, this batch of 80% large-holder long positions becomes worn-down fuel. You large holders who are paying the interest, or the retail traders collecting the rent?
$INJ #合约数据 #资金费率 #long/short ratio
