$SAND The continuation after the previous post is finally out this round: 0.07225 wasn’t just recovered—it was directly pushed through. However, within the same round, the cost side chose the opposite direction.
On the price side, this 4H candle started from 0.06565 and the high at 0.08271 was printed within the most recent hour. The entire candle is +23.4%. The current price is 0.08107 USDT, which is noticeably higher than the range of 0.066 mentioned in the previous post. Over 24 hours, the book value has also climbed to +80.6%. The 24H trading volume is about 82.07 million USDT, roughly another 23% more than the previous post’s ~66.61 million—volume hasn’t fallen behind.
But the funding/fee side didn’t follow this direction: in the previous post, it had moved away from around -0.8%; this round indeed moved away, but it chose the even more negative side. The readout reached -1.244%. On the shorts side, the funding cost burden not only didn’t ease—it deepened further toward the extreme side. As the price opened a new leg, the divergence on the cost side widened again. Since the push began, this line hasn’t truly aligned with price.
After that, there are two verifiable points to watch: if 0.08271 is reclaimed and holds, then talking about opening another leg is on the table; if it falls back below 0.07771—the low of this one-hour window—then the short-term cooling will shift from pullback to continued selling. The next funding rate settlement is at 16:00 Taipei time. As the readout converges from -1.244%, the cost side will only be considered truly cooled off. If it stays at this level, divergence will keep expanding.
Also keep a bearish note: even if it only pulls back about 2% from 0.08271, it could still just be consolidation after a sharp surge. The previous post’s candle that spiked to 0.07225 also never really held. In this round, the high-low range of the 4H candle is about 26%. After making a new high, it’s still unclear whether it should push higher next or pull back first.
#Market Analysis
On the price side, this 4H candle started from 0.06565 and the high at 0.08271 was printed within the most recent hour. The entire candle is +23.4%. The current price is 0.08107 USDT, which is noticeably higher than the range of 0.066 mentioned in the previous post. Over 24 hours, the book value has also climbed to +80.6%. The 24H trading volume is about 82.07 million USDT, roughly another 23% more than the previous post’s ~66.61 million—volume hasn’t fallen behind.
But the funding/fee side didn’t follow this direction: in the previous post, it had moved away from around -0.8%; this round indeed moved away, but it chose the even more negative side. The readout reached -1.244%. On the shorts side, the funding cost burden not only didn’t ease—it deepened further toward the extreme side. As the price opened a new leg, the divergence on the cost side widened again. Since the push began, this line hasn’t truly aligned with price.
After that, there are two verifiable points to watch: if 0.08271 is reclaimed and holds, then talking about opening another leg is on the table; if it falls back below 0.07771—the low of this one-hour window—then the short-term cooling will shift from pullback to continued selling. The next funding rate settlement is at 16:00 Taipei time. As the readout converges from -1.244%, the cost side will only be considered truly cooled off. If it stays at this level, divergence will keep expanding.
Also keep a bearish note: even if it only pulls back about 2% from 0.08271, it could still just be consolidation after a sharp surge. The previous post’s candle that spiked to 0.07225 also never really held. In this round, the high-low range of the 4H candle is about 26%. After making a new high, it’s still unclear whether it should push higher next or pull back first.
#Market Analysis
