$SPCX The perpetual market is showing some movement this time. Compare position changes and the direction of market orders against price action.
15m price: +0.07%, open interest: +0.14%. For now, this looks more like a “low-volume consolidation”: the market isn’t giving a strong signal yet, so don’t read a big trend into small moves.
Aggressive buys account for 34.4%, suggesting sellers are more willing to execute aggressively. The long/short account ratio is 0.92, so this still isn’t a funding-rate squeeze.
There’s no need to guess in this kind of market. Wait for volume and open interest to move together, then assess the direction.
15m price: +0.07%, open interest: +0.14%. For now, this looks more like a “low-volume consolidation”: the market isn’t giving a strong signal yet, so don’t read a big trend into small moves.
Aggressive buys account for 34.4%, suggesting sellers are more willing to execute aggressively. The long/short account ratio is 0.92, so this still isn’t a funding-rate squeeze.
There’s no need to guess in this kind of market. Wait for volume and open interest to move together, then assess the direction.
