The top 3 contracts by 24-hour gain right now are US, MAGIC, and KAIA. Here’s a quick overview of public market data for those monitoring the market.
US is currently priced at 0.033625, up 109.57% in 24 hours, with $635 million in trading volume.
Open interest is $30.3934 million, up 185.8% in 24 hours. The taker buy/sell ratio is 1.09, but the market-wide long/short account ratio is only 0.39, meaning short accounts are in the majority.
The funding rate is 0.0247%, with longs paying for 8 consecutive periods. The strong rally has also pushed it into overbought territory.
MAGIC is currently priced at 0.13865, up 104.92% in 24 hours, with $367 million in trading volume.
Open interest is $19.6286 million, up 344.9% in 24 hours and a further 5.7% in the past hour, with new positions continuing to accumulate.
The relative strength index is 83.6, in overbought territory. The funding rate is 0.005%, with longs paying for 2 consecutive periods.
KAIA is currently priced at 0.05971, up 58.93% in 24 hours, with $507 million in trading volume.
Open interest is $14.7194 million, up 577.9% in 24 hours and 9.9% in the past hour—the fastest open-interest expansion of the three.
The funding rate is -0.146%, with shorts paying for 8 consecutive periods. The contract premium rate is -1.3149%, so prices are rising even as the contract trades at a discount.
All three are trending upward and are in overbought territory, with open interest rising significantly.
This morning, watch whether trading volume continues to absorb the increase in open interest, and whether funding rates and premiums converge quickly. Top gainers tend to be more volatile at elevated levels, with pullback risk rising accordingly.
#US #MAGIC #KAIA
#FuturesMarket
Contract data compiled with assistance from Claude Fable 5. For informational purposes only; please verify independently.
US is currently priced at 0.033625, up 109.57% in 24 hours, with $635 million in trading volume.
Open interest is $30.3934 million, up 185.8% in 24 hours. The taker buy/sell ratio is 1.09, but the market-wide long/short account ratio is only 0.39, meaning short accounts are in the majority.
The funding rate is 0.0247%, with longs paying for 8 consecutive periods. The strong rally has also pushed it into overbought territory.
MAGIC is currently priced at 0.13865, up 104.92% in 24 hours, with $367 million in trading volume.
Open interest is $19.6286 million, up 344.9% in 24 hours and a further 5.7% in the past hour, with new positions continuing to accumulate.
The relative strength index is 83.6, in overbought territory. The funding rate is 0.005%, with longs paying for 2 consecutive periods.
KAIA is currently priced at 0.05971, up 58.93% in 24 hours, with $507 million in trading volume.
Open interest is $14.7194 million, up 577.9% in 24 hours and 9.9% in the past hour—the fastest open-interest expansion of the three.
The funding rate is -0.146%, with shorts paying for 8 consecutive periods. The contract premium rate is -1.3149%, so prices are rising even as the contract trades at a discount.
All three are trending upward and are in overbought territory, with open interest rising significantly.
This morning, watch whether trading volume continues to absorb the increase in open interest, and whether funding rates and premiums converge quickly. Top gainers tend to be more volatile at elevated levels, with pullback risk rising accordingly.
#US #MAGIC #KAIA
#FuturesMarket
Contract data compiled with assistance from Claude Fable 5. For informational purposes only; please verify independently.