After the new contract went live, the market reaction was no longer just a spike beyond the first K-line. Public data from Binance at 07:46 (UTC+8) shows that $CT perpetual is at 0.49435, up 24.53% in 24 hours, with trading volume of roughly 104 million USDT; the official CT Alpha trading contest has also been launched.
In the previous full hour, the price rose from 0.47754 to 0.49204, up 3.04%, but the hourly trading volume compared with the prior hour fell by 42.07%. Over the past 4 hours, it even dipped slightly by 0.35%. Price remains strong, yet short-term volume has not expanded in step—this mismatch is the main divergence that needs to be watched.
📌 OI (open interest) has increased by 2.16% in the last hour, and within a 30-point window the growth rate reaches 759.74%. The Funding indicator value is -0.0105%, while the most recent actual settlement is -0.0063%. However, this is a new contract: since OI is measured from a low base, you cannot simply equate a 759% increase with sustained accumulation typical of mature contracts, nor can you infer the direction of newly added positions from this alone.
I’ll first see whether it can hold above the 0.49364 area. If price stays above it and trading volume expands again, then the event’s momentum may continue to translate into a trend. If it breaks below 0.47467 while OI contracts, it looks more like the de-risking phase after a rapid leverage build-up in the early stage of the listing. CT does not have Binance spot; the Alpha trading and the USDT perpetual should also be understood separately.
In the previous full hour, the price rose from 0.47754 to 0.49204, up 3.04%, but the hourly trading volume compared with the prior hour fell by 42.07%. Over the past 4 hours, it even dipped slightly by 0.35%. Price remains strong, yet short-term volume has not expanded in step—this mismatch is the main divergence that needs to be watched.
📌 OI (open interest) has increased by 2.16% in the last hour, and within a 30-point window the growth rate reaches 759.74%. The Funding indicator value is -0.0105%, while the most recent actual settlement is -0.0063%. However, this is a new contract: since OI is measured from a low base, you cannot simply equate a 759% increase with sustained accumulation typical of mature contracts, nor can you infer the direction of newly added positions from this alone.
I’ll first see whether it can hold above the 0.49364 area. If price stays above it and trading volume expands again, then the event’s momentum may continue to translate into a trend. If it breaks below 0.47467 while OI contracts, it looks more like the de-risking phase after a rapid leverage build-up in the early stage of the listing. CT does not have Binance spot; the Alpha trading and the USDT perpetual should also be understood separately.
