$RLCUSDT perpetual futures still rank No. 1 across the market in gains this cycle, but the new signal is more than simply “rising further”: the 0.5461 closing level monitored in the previous post has now been reclaimed by a full hourly candle. One reclaim does not confirm a trend reversal, especially given the high volatility and large open interest this cycle.
As of October 6 at 01:14 (Beijing time), the latest complete Binance USDⓈ-M scan ranked RLCUSDT No. 1 in gains, up 58.479% over the rolling 24 hours, with a quoted price of 0.5710 USDT and approximately $244.7 million in quote volume. Compared with the previous post at 00:11, when it ranked No. 2, was up 52.368%, and traded at 0.5502 with about $206.3 million in quote volume: the gain widened by 6.111 percentage points and it rose one place; the price was about 3.78% higher, and quote volume increased by approximately 18.6%. These are rolling windows sampled at different times, not investment returns or net inflows.
The structural change is more specific. The completed hourly candle from 00:00 to 01:00 on October 6 bottomed at 0.5187, then closed at 0.5582, about 2.16% above its 0.5464 open; the close was also above the previous hour’s 0.5461. Since the previous post, the price briefly fell below the previously monitored area around 0.5396 before reclaiming it, indicating that after a deeper support test, buyers and sellers pushed the hourly close back up. Quote volume was about $33.32 million, above the previous hour’s approximately $24.42 million. This only indicates more active trading; it does not identify the direction of aggressive buying or selling.
Regarding open interest, Binance’s hourly open-interest sample rose from about 19.31 million coins at 00:00 to about 19.57 million at 01:00, an increase of approximately 1.35%. Compared with the earlier 19:00 sample of around 10.14 million, contract size remains far above its level at the start of the rise. Open interest does not distinguish between longs and shorts, so it cannot be described as net inflow. At 01:04, the mark price was around 0.5743, below the index price of approximately 0.5824; the estimated funding rate for the next period was around -0.141%, narrower than the approximately -0.352% reading at 00:10 but still negative. These are point-in-time readings and are insufficient to prove a short squeeze or indicate the subsequent direction.
The latest article visible on iExec’s official blog is dated July 23; no new announcement synchronized with this rally was found. The old roadmap should not be treated as a catalyst. Next, wait for the 01:00–02:00 hourly candle to complete: if price can hold above 0.5461 and move toward the high area around 0.5826, that would provide evidence the reclaim is continuing; if it falls back below 0.5396, this rebound may still be only a retracement within a broad range. This remains a high-volatility observation phase with expanding open interest. No price target is given, and the top ranking is not a reason to chase the rise. #RLC
As of October 6 at 01:14 (Beijing time), the latest complete Binance USDⓈ-M scan ranked RLCUSDT No. 1 in gains, up 58.479% over the rolling 24 hours, with a quoted price of 0.5710 USDT and approximately $244.7 million in quote volume. Compared with the previous post at 00:11, when it ranked No. 2, was up 52.368%, and traded at 0.5502 with about $206.3 million in quote volume: the gain widened by 6.111 percentage points and it rose one place; the price was about 3.78% higher, and quote volume increased by approximately 18.6%. These are rolling windows sampled at different times, not investment returns or net inflows.
The structural change is more specific. The completed hourly candle from 00:00 to 01:00 on October 6 bottomed at 0.5187, then closed at 0.5582, about 2.16% above its 0.5464 open; the close was also above the previous hour’s 0.5461. Since the previous post, the price briefly fell below the previously monitored area around 0.5396 before reclaiming it, indicating that after a deeper support test, buyers and sellers pushed the hourly close back up. Quote volume was about $33.32 million, above the previous hour’s approximately $24.42 million. This only indicates more active trading; it does not identify the direction of aggressive buying or selling.
Regarding open interest, Binance’s hourly open-interest sample rose from about 19.31 million coins at 00:00 to about 19.57 million at 01:00, an increase of approximately 1.35%. Compared with the earlier 19:00 sample of around 10.14 million, contract size remains far above its level at the start of the rise. Open interest does not distinguish between longs and shorts, so it cannot be described as net inflow. At 01:04, the mark price was around 0.5743, below the index price of approximately 0.5824; the estimated funding rate for the next period was around -0.141%, narrower than the approximately -0.352% reading at 00:10 but still negative. These are point-in-time readings and are insufficient to prove a short squeeze or indicate the subsequent direction.
The latest article visible on iExec’s official blog is dated July 23; no new announcement synchronized with this rally was found. The old roadmap should not be treated as a catalyst. Next, wait for the 01:00–02:00 hourly candle to complete: if price can hold above 0.5461 and move toward the high area around 0.5826, that would provide evidence the reclaim is continuing; if it falls back below 0.5396, this rebound may still be only a retracement within a broad range. This remains a high-volatility observation phase with expanding open interest. No price target is given, and the top ranking is not a reason to chase the rise. #RLC
