$ONE After a full day, the book value is still up +16.7%, but the short-term window is already backing off: over the last four hours, the net change is -0.94%, and over the last hour, -2.58%. This 4H high-low range has swung more than 20%, from 0.00241 to 0.002944. The current price is 0.002533 USDT—about 14% below the high and about 5% above the low.
Even more worth remembering is the cost side: the funding rate has settled at -1.5172%, meaning the shorts are bearing funding costs at an extreme level. Price is being pushed higher, but the directions on both sides aren’t lining up.
Later, watch two verifiable signals: once it reclaims 0.00264—the one-hour high—only then can the cooling be considered as having been blocked. If it breaks back and closes past 0.002522—the one-hour low—then cooling will shift from pullback to further decline. The next funding rate settlement is at 00:00 Taipei time on Sunday: readings around -1.5% will converge, and only then does the cost side start to truly cool off. If it stays at this level, the divergence will keep widening.
Also keep the other possibility in mind: the one-hour low at 0.002522 hasn’t been broken yet, so this round of pullback could still just be consolidation after a sharp surge—the direction may not have been decisively chosen yet.
#Market Hotspots
Even more worth remembering is the cost side: the funding rate has settled at -1.5172%, meaning the shorts are bearing funding costs at an extreme level. Price is being pushed higher, but the directions on both sides aren’t lining up.
Later, watch two verifiable signals: once it reclaims 0.00264—the one-hour high—only then can the cooling be considered as having been blocked. If it breaks back and closes past 0.002522—the one-hour low—then cooling will shift from pullback to further decline. The next funding rate settlement is at 00:00 Taipei time on Sunday: readings around -1.5% will converge, and only then does the cost side start to truly cool off. If it stays at this level, the divergence will keep widening.
Also keep the other possibility in mind: the one-hour low at 0.002522 hasn’t been broken yet, so this round of pullback could still just be consolidation after a sharp surge—the direction may not have been decisively chosen yet.
#Market Hotspots
