$SAND Two things from the previous post: this round only waited for half of it. On the price side, the answer was given: 0.0616 was recovered, the intraday high reached 0.0735, and the current price is 0.07016 USDT—about 12% higher than the previous post’s 0.06259. The 24H trading volume is about 32.02 million USDT, more than twice the roughly 14.71 million from the previous post. The previous post said that the volume wasn’t thick; this round has now filled in the volume.
But on the fee/funding side, the other half of the answer wasn’t provided: the funding rate has deepened from the previous post’s -0.735% to -1.9961%. The funding cost borne by the short side is sitting at an even more extreme level. As price continues writing higher, the readings on the cost side are even more negative. The divergence between the two sides hasn’t narrowed—it’s actually widened.
Next, there are two verifiable points: reclaiming and holding 0.0735—then the continuation would count as starting another leg; if it drops back below 0.06605, which is the low of this one-hour window, then the short-term cooling would shift from a pullback to further selling. In Taipei time, at 00:00 on Saturday, the funding rate will settle again: once the reading converges from around -2%, the cost side can be considered to start cooling down. If it continues to deepen, the divergence will still keep expanding.
On the other hand, keep this in mind too: being about 4.5% off 0.0735 means the high–low gap of this 4H candle is over 20%. The pullback could extend for a while at any time—or it might just be consolidation after a sudden surge. The direction still hasn’t truly been chosen.
# Market Analysis
But on the fee/funding side, the other half of the answer wasn’t provided: the funding rate has deepened from the previous post’s -0.735% to -1.9961%. The funding cost borne by the short side is sitting at an even more extreme level. As price continues writing higher, the readings on the cost side are even more negative. The divergence between the two sides hasn’t narrowed—it’s actually widened.
Next, there are two verifiable points: reclaiming and holding 0.0735—then the continuation would count as starting another leg; if it drops back below 0.06605, which is the low of this one-hour window, then the short-term cooling would shift from a pullback to further selling. In Taipei time, at 00:00 on Saturday, the funding rate will settle again: once the reading converges from around -2%, the cost side can be considered to start cooling down. If it continues to deepen, the divergence will still keep expanding.
On the other hand, keep this in mind too: being about 4.5% off 0.0735 means the high–low gap of this 4H candle is over 20%. The pullback could extend for a while at any time—or it might just be consolidation after a sudden surge. The direction still hasn’t truly been chosen.
# Market Analysis
