$SCR In the recent four hours, it started from 0.02724, with the intraday high reaching 0.03779; the entire candle is +29.1%. Current price is 0.03519 USDT, up about 41.7% over the past 24 hours. The 24H trading volume is about 9.17 million USDT—compared with this rally, the volume isn’t particularly heavy.
The response on the cost side is more worth watching. The funding rate has stayed at -0.429%. The short side is still shouldering funding costs at extremely high levels; although the price has pushed up by nearly 30%, the cost side hasn’t kept up. So far, this move is essentially a one-sided price expansion.
Next, there are two points that can be verified: if 0.03779 is recovered and holds, then only after that can we talk about further continuation; if it falls back below 0.0334, this past one-hour low level, then the short-term cooling would shift from pullback to renewed selling. At 16:00 Taipei time there will be a funding rate settlement; once the reading leaves this negative range, the cost side will truly be considered to have caught up. If it continues to stay in negative territory, the divergence between price and the cost side will only become more obvious.
Also keep a counterpoint: from 0.03779 until now, it has already given back about 7%. The high-low spread of this 4H candle is close to 40%. With volatility this large, it could just be consolidation after a sharp surge—the direction still may not have truly been chosen.
#Market Hotspots
The response on the cost side is more worth watching. The funding rate has stayed at -0.429%. The short side is still shouldering funding costs at extremely high levels; although the price has pushed up by nearly 30%, the cost side hasn’t kept up. So far, this move is essentially a one-sided price expansion.
Next, there are two points that can be verified: if 0.03779 is recovered and holds, then only after that can we talk about further continuation; if it falls back below 0.0334, this past one-hour low level, then the short-term cooling would shift from pullback to renewed selling. At 16:00 Taipei time there will be a funding rate settlement; once the reading leaves this negative range, the cost side will truly be considered to have caught up. If it continues to stay in negative territory, the divergence between price and the cost side will only become more obvious.
Also keep a counterpoint: from 0.03779 until now, it has already given back about 7%. The high-low spread of this 4H candle is close to 40%. With volatility this large, it could just be consolidation after a sharp surge—the direction still may not have truly been chosen.
#Market Hotspots
