BTC Perpetuals Night Session: Position first, direction second
Whether to take this trade or not—look at the fee rate, it’s honest compared to the candlesticks.
First check crowding, then check the price.
BTC open interest notionally 0.757 billion (USD), 24h -5.22%
Long/short ratio across the whole account 1.88
BTC 81,717 (-1.84%), ETH 2,479 (-3.49%).
The fee rate is 0.0005%, close to zero. With a long/short ratio of 1.88, leverage hasn’t taken sides. If it hasn’t taken sides, don’t use high leverage to force it to.
Key levels: Above 82,370; below 80,246. One-way exposure should not exceed 2x of account equity. Stop-loss goes outside the structure—don’t place it at “round-number” psychological prices.
If the fee rate is raised from near-zero to above 0.01%, longs will start sprinting early. I’ll wait for a pullback—I won’t wait for the very first breakout.
Data: Binance spot 24h / Binance USDT-margined / Yahoo daily (5-day up/down). Missing numbers aren’t filled in.
With this fee rate, do you dare to add to your position?
#合约 # Position management
Data update (same round as the main text; missing is a dash):
BTC 81,717 -1.84% Binance spot 24h
ETH 2,479 -3.49% ETH/BTC 0.03034
S&P 7,765 +1.29% Yahoo 5-day
Nasdaq 27,193 +1.20% Yahoo 5-day
US Dollar 102 -0.07% DXY 5-day
VIX 15.41 +0.65% Yahoo
Fee rate 0.0005% Open interest 7.57B (24h -5.22) Long/short 1.8794 Binance USDT-margined
Personal view, numbers are as stated in the sources in the main text. Not a trade instruction.
Whether to take this trade or not—look at the fee rate, it’s honest compared to the candlesticks.
First check crowding, then check the price.
BTC open interest notionally 0.757 billion (USD), 24h -5.22%
Long/short ratio across the whole account 1.88
BTC 81,717 (-1.84%), ETH 2,479 (-3.49%).
The fee rate is 0.0005%, close to zero. With a long/short ratio of 1.88, leverage hasn’t taken sides. If it hasn’t taken sides, don’t use high leverage to force it to.
Key levels: Above 82,370; below 80,246. One-way exposure should not exceed 2x of account equity. Stop-loss goes outside the structure—don’t place it at “round-number” psychological prices.
If the fee rate is raised from near-zero to above 0.01%, longs will start sprinting early. I’ll wait for a pullback—I won’t wait for the very first breakout.
Data: Binance spot 24h / Binance USDT-margined / Yahoo daily (5-day up/down). Missing numbers aren’t filled in.
With this fee rate, do you dare to add to your position?
#合约 # Position management
Data update (same round as the main text; missing is a dash):
BTC 81,717 -1.84% Binance spot 24h
ETH 2,479 -3.49% ETH/BTC 0.03034
S&P 7,765 +1.29% Yahoo 5-day
Nasdaq 27,193 +1.20% Yahoo 5-day
US Dollar 102 -0.07% DXY 5-day
VIX 15.41 +0.65% Yahoo
Fee rate 0.0005% Open interest 7.57B (24h -5.22) Long/short 1.8794 Binance USDT-margined
Personal view, numbers are as stated in the sources in the main text. Not a trade instruction.