$ARK funding rate -0.3952%！Every hour, shorts pay money to longs; placing this number on a chart showing 24h gains of 18.65% is too conspicuous.
In the last hour, it’s up another 5.76% and the position value has increased 4.94%, but the net buy/sell from active orders is only 1.013—buyers didn’t really get the advantage. Trading value is just 1.18 times the 24h hourly average, and volume hasn’t kept up. New positions are being suppressed; fills are roughly split half-and-half, so chasing higher prices should raise a question mark.
Hold the bullish reading at 0.2342 from 1 hour ago for it to stay valid; if it falls back to the 24h low of 0.1994, the bullish thesis is void.
#ARK
In the last hour, it’s up another 5.76% and the position value has increased 4.94%, but the net buy/sell from active orders is only 1.013—buyers didn’t really get the advantage. Trading value is just 1.18 times the 24h hourly average, and volume hasn’t kept up. New positions are being suppressed; fills are roughly split half-and-half, so chasing higher prices should raise a question mark.
Hold the bullish reading at 0.2342 from 1 hour ago for it to stay valid; if it falls back to the 24h low of 0.1994, the bullish thesis is void.
#ARK
