High-level turnover has pushed volatility to extremes. Binance perpetual data at 09:38 (UTC+8) shows $AIN at 0.04705: up 96.04% over the past 24 hours. The range high/low is 0.05786/0.02310, with trading volume of about 399 million USDT.
In the previous complete 1-hour period, the price fell 7.82%, and trading volume decreased 2.14% month-on-month; however, the current unfinished hour has bounced 17.75% from the previous hour’s close. Over the past nearly 4 hours, it is still down 22.88%, but trading volume is up 44.41% compared with the prior 4 hours—short-term activity shows a surge followed by intense, volatile contention.
Quantity OI has increased 2.30% in the last hour, and the 30-point window has increased 51.96%. The Funding indicator is +0.1756%, and the most recent realized settlement is +0.2149%. Positions continue to expand, and long holders’ average costs are relatively high. Since OI can’t determine the direction of new positions, positive Funding does not necessarily mean the price must drop.
I place more emphasis on confirmation within a full hour. If the close can hold above 0.04673, and OI and trading volume continue to expand, then the rebound has a basis to continue. If it breaks back below 0.03922 while OI contracts, high-level deleveraging may accelerate again. With the 24-hour gain nearing a doubling, when chasing price or trying to top in the face of the trend, leverage must be kept under control.
In the previous complete 1-hour period, the price fell 7.82%, and trading volume decreased 2.14% month-on-month; however, the current unfinished hour has bounced 17.75% from the previous hour’s close. Over the past nearly 4 hours, it is still down 22.88%, but trading volume is up 44.41% compared with the prior 4 hours—short-term activity shows a surge followed by intense, volatile contention.
Quantity OI has increased 2.30% in the last hour, and the 30-point window has increased 51.96%. The Funding indicator is +0.1756%, and the most recent realized settlement is +0.2149%. Positions continue to expand, and long holders’ average costs are relatively high. Since OI can’t determine the direction of new positions, positive Funding does not necessarily mean the price must drop.
I place more emphasis on confirmation within a full hour. If the close can hold above 0.04673, and OI and trading volume continue to expand, then the rebound has a basis to continue. If it breaks back below 0.03922 while OI contracts, high-level deleveraging may accelerate again. With the 24-hour gain nearing a doubling, when chasing price or trying to top in the face of the trend, leverage must be kept under control.
