$GTC 24 Wrote about 78% in 4 hours. Current price is 0.16835 USDT. In the last four hours it’s still pushing higher: this 4H candle started from 0.14253, swept the range from 0.13719 to 0.184, and the full candle is up +18.1%; but in the last hour it’s down -4.68%, having given back about 8.5% from 0.184.
The 24H trading volume is about 13.73 million USDT. Compared with the nearly 80% surge, this volume isn’t that thick.
The cost side hasn’t caught up yet. The funding rate is still at -0.0176%, remaining on the negative side: the short side is still paying the funding cost. Over the day, the funding rate hasn’t flipped positive. So far, this move has been written out by price alone.
Next, look at two verifiable points: if 0.184 is recovered and holds, then it’s worth talking about continuing to extend. If it falls back below 0.163, which is the one-hour low, then the short-window cooling would shift from profit-taking to continued selling. At 16:00 Taipei time there will be a funding rate settlement; once the reading leaves the negative zone, the cost side would count as the first time it catches up to price.
Also keep this in mind on the other side: the high-low range of this 4H candle is over 30%. With volatility this large, the current pullback could simply be normal consolidation after a sharp rally—direction hasn’t truly been chosen yet.
#Market Hotspots
The 24H trading volume is about 13.73 million USDT. Compared with the nearly 80% surge, this volume isn’t that thick.
The cost side hasn’t caught up yet. The funding rate is still at -0.0176%, remaining on the negative side: the short side is still paying the funding cost. Over the day, the funding rate hasn’t flipped positive. So far, this move has been written out by price alone.
Next, look at two verifiable points: if 0.184 is recovered and holds, then it’s worth talking about continuing to extend. If it falls back below 0.163, which is the one-hour low, then the short-window cooling would shift from profit-taking to continued selling. At 16:00 Taipei time there will be a funding rate settlement; once the reading leaves the negative zone, the cost side would count as the first time it catches up to price.
Also keep this in mind on the other side: the high-low range of this 4H candle is over 30%. With volatility this large, the current pullback could simply be normal consolidation after a sharp rally—direction hasn’t truly been chosen yet.
#Market Hotspots
