$RLC remains ranked #1 on Binance’s USDT-margined perpetual gainers list, but compared with the post published at 05:14, the market has not continued to give back gains—it has surged again. This increase warrants another look; being at the top of the rankings and seeing volume expand still do not prove the trend will continue.
At 08:12 Beijing time, RLCUSDT was at 0.7490, up 105.826% over the rolling 24 hours, with a high of 0.7850 and approximately $551 million in quote volume. The 05:14 post, ID 374143597504055, recorded a price of 0.6513 and a gain of 80.316%. Since then, the current price has risen about 14.99%, while the rolling gain has increased by 25.510 percentage points. This clearly exceeds the threshold for a follow-up on the same token and contrasts with the pullback from highs described in the previous post.
The completed hourly candles show the path in more detail: from 05:00 to 06:00, the price closed at 0.7099, up from 0.6428; from 06:00 to 07:00, it surged to 0.7761 before pulling back to close at 0.6916; from 07:00 to 08:00, it recovered to close at 0.7256. The most recently completed 4-hour candle (04:00–08:00) closed at 0.7256, up about 5.48% from 0.6879. After 08:00, the price briefly touched 0.7850 before trading at 0.7490; that hourly candle has not closed yet, so the intrahour high should not be treated as a confirmed closing price.
Open interest offers a second clue: RLC open interest rose from about 20.15 million tokens at 05:00 to about 22.64 million at 08:00, an increase of 12.36%. Price and OI rising together indicates greater participation in the derivatives market, but it does not reveal whether the new positions are long or short. The funding rate settled at about -0.0441% per period at 08:00; the current estimate at 08:04 was about -0.0438% per period. Both are negative, but they use different measurement bases and are not enough to confirm a short squeeze.
I checked iExec’s official blog and found no new announcement that corresponds to this surge; I won’t present an old roadmap as a catalyst. The more telling questions now are whether the 0.7761 high can be reclaimed on a completed hourly candle, and whether OI contracts along with any pullback. If only elevated prices remain while volume and open interest continue to expand, disagreement over direction may actually widen. This is market monitoring, not a signal to chase the rally. Data is from Binance’s public USD-M API, as of 08:12 Beijing time.
At 08:12 Beijing time, RLCUSDT was at 0.7490, up 105.826% over the rolling 24 hours, with a high of 0.7850 and approximately $551 million in quote volume. The 05:14 post, ID 374143597504055, recorded a price of 0.6513 and a gain of 80.316%. Since then, the current price has risen about 14.99%, while the rolling gain has increased by 25.510 percentage points. This clearly exceeds the threshold for a follow-up on the same token and contrasts with the pullback from highs described in the previous post.
The completed hourly candles show the path in more detail: from 05:00 to 06:00, the price closed at 0.7099, up from 0.6428; from 06:00 to 07:00, it surged to 0.7761 before pulling back to close at 0.6916; from 07:00 to 08:00, it recovered to close at 0.7256. The most recently completed 4-hour candle (04:00–08:00) closed at 0.7256, up about 5.48% from 0.6879. After 08:00, the price briefly touched 0.7850 before trading at 0.7490; that hourly candle has not closed yet, so the intrahour high should not be treated as a confirmed closing price.
Open interest offers a second clue: RLC open interest rose from about 20.15 million tokens at 05:00 to about 22.64 million at 08:00, an increase of 12.36%. Price and OI rising together indicates greater participation in the derivatives market, but it does not reveal whether the new positions are long or short. The funding rate settled at about -0.0441% per period at 08:00; the current estimate at 08:04 was about -0.0438% per period. Both are negative, but they use different measurement bases and are not enough to confirm a short squeeze.
I checked iExec’s official blog and found no new announcement that corresponds to this surge; I won’t present an old roadmap as a catalyst. The more telling questions now are whether the 0.7761 high can be reclaimed on a completed hourly candle, and whether OI contracts along with any pullback. If only elevated prices remain while volume and open interest continue to expand, disagreement over direction may actually widen. This is market monitoring, not a signal to chase the rally. Data is from Binance’s public USD-M API, as of 08:12 Beijing time.
