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$BTC $ETH $NATGAS #合约 #合约交易 #Live Market Update
🗓 10/8 08:30 CST
The market’s looking pretty rough today.
BTC has fallen to 83,215, and ETH is down 4.53%. Of the 739 USDT perpetual contracts across the market, only 108 are up—a gainers’ share of 14.6%—while 631 are down. As for funding rates, BTC is at -0.00044% and ETH at -0.00307%. Bearish sentiment is building, but BTC open interest is $7.981 billion, down 2.39% over the past 24 hours. That suggests more traders are pulling out rather than adding leverage to bet on a direction.
In conditions like these, assets with extreme one-sided funding rates are where it’s easiest to get caught out. GTC is up 32.72%, yet its funding rate is sitting at -0.16150%. Longs are paying as the price rises—the sentiment and price action are completely at odds, so chasing it could easily get you chopped up. When the market turns against you, leverage just gets you out faster.
How many days do you think this rally can last?
—— Alpha Quant Tech
The above is a market update and personal opinion only. It does not constitute trading advice or promise returns. Futures contracts involve leverage. Make your own decisions; you are responsible for your gains and losses.
$BTC $ETH $NATGAS #合约 #合约交易 #Live Market Update
🗓 10/8 08:30 CST
The market’s looking pretty rough today.
BTC has fallen to 83,215, and ETH is down 4.53%. Of the 739 USDT perpetual contracts across the market, only 108 are up—a gainers’ share of 14.6%—while 631 are down. As for funding rates, BTC is at -0.00044% and ETH at -0.00307%. Bearish sentiment is building, but BTC open interest is $7.981 billion, down 2.39% over the past 24 hours. That suggests more traders are pulling out rather than adding leverage to bet on a direction.
In conditions like these, assets with extreme one-sided funding rates are where it’s easiest to get caught out. GTC is up 32.72%, yet its funding rate is sitting at -0.16150%. Longs are paying as the price rises—the sentiment and price action are completely at odds, so chasing it could easily get you chopped up. When the market turns against you, leverage just gets you out faster.
How many days do you think this rally can last?
—— Alpha Quant Tech
The above is a market update and personal opinion only. It does not constitute trading advice or promise returns. Futures contracts involve leverage. Make your own decisions; you are responsible for your gains and losses.