A coin hangs on the 24-hour gainers list, and people often misread it as “everyone who’s inside makes money on this day.” The USDT perpetual of Lobster is a counterexample today: on the gainers list it’s still showing a positive number, but about 80% of the day’s trading volume was executed at prices higher than where it is now.
At 11:08 Beijing time, I saw: 24-hour change +38.5%, latest price 0.05354, with a low of 0.03357 and a high of 0.11396. Just half a minute earlier, my other readout was still 0.05087—the price jumps every second, and using the same percentage-change formula at a different time would give a different result.
The up/down move is only between two points: the current price and the price at that moment 24 hours ago. It doesn’t care what happened in between. Looking at the hourly K-line, this contract accelerated starting yesterday afternoon. At 7 this morning, it touched the high—about 3.4 times the low. Then from 8 to 10, over three hours, it slid from 0.11024 down to 0.05284. The price at the moment I read was 53.0% lower than the peak.
The same interface also provides the volume-weighted average price, around 0.0756, which is 95.4% higher than the opening price 24 hours ago. Compared with that, the current price is 29.1% lower. A more intuitive method: from 18:00 yesterday to 9:00 this morning—16 straight hours—each hour’s low was higher than the current price. Trading over those 16 hours was about $532 million, accounting for 80.1% of the whole day’s $664 million.
One more step of inference needs to be made clear: for a perpetual, every trade has both a buy and a sell. Buying at a high price might have been buying into the flat (a “short-cover” in the margin sense) or it might have already been sold and exited earlier—the K-line can’t tell which. What can be determined is only this: most of the turnover on this day occurred above the current price. Long positions opened there and still held to this point are, on paper, at a loss.
So that number on the gainers list describes only one person: “bought 24 hours ago, sells right now.” For a contract that ran from low to high more than three times within the same day, that person almost doesn’t exist. The volume-weighted average price is much closer to the cost basis of most participants on that day.
#龙虾USDT #24小时涨跌幅 #Perpetual contract
At 11:08 Beijing time, I saw: 24-hour change +38.5%, latest price 0.05354, with a low of 0.03357 and a high of 0.11396. Just half a minute earlier, my other readout was still 0.05087—the price jumps every second, and using the same percentage-change formula at a different time would give a different result.
The up/down move is only between two points: the current price and the price at that moment 24 hours ago. It doesn’t care what happened in between. Looking at the hourly K-line, this contract accelerated starting yesterday afternoon. At 7 this morning, it touched the high—about 3.4 times the low. Then from 8 to 10, over three hours, it slid from 0.11024 down to 0.05284. The price at the moment I read was 53.0% lower than the peak.
The same interface also provides the volume-weighted average price, around 0.0756, which is 95.4% higher than the opening price 24 hours ago. Compared with that, the current price is 29.1% lower. A more intuitive method: from 18:00 yesterday to 9:00 this morning—16 straight hours—each hour’s low was higher than the current price. Trading over those 16 hours was about $532 million, accounting for 80.1% of the whole day’s $664 million.
One more step of inference needs to be made clear: for a perpetual, every trade has both a buy and a sell. Buying at a high price might have been buying into the flat (a “short-cover” in the margin sense) or it might have already been sold and exited earlier—the K-line can’t tell which. What can be determined is only this: most of the turnover on this day occurred above the current price. Long positions opened there and still held to this point are, on paper, at a loss.
So that number on the gainers list describes only one person: “bought 24 hours ago, sells right now.” For a contract that ran from low to high more than three times within the same day, that person almost doesn’t exist. The volume-weighted average price is much closer to the cost basis of most participants on that day.
#龙虾USDT #24小时涨跌幅 #Perpetual contract