Around $4.4, which side currently has the edge in ORDI ($ORDI )—bulls or bears? The current price is 4.409 USDT, up 1.47% over 24 hours, with a range of 4.304–4.428, a 2.9% amplitude, and $860,000 in spot trading volume. The price is hovering near the session high, but trading volume is thin. The perpetual funding rate is 0.0050%, settled every four hours. Longs are paying, but the rate remains low. Open interest is around 1,724,927 coins, or approximately $7.61 million. The account long/short ratio is 1.39, while the top-trader position long/short ratio is 4.73: accounts are only slightly tilted long, while top traders’ positions are much more concentrated on the long side. The seven-day high is 4.793 and the low is 3.935; the current price is roughly 55% of the way through that range, with room remaining to either end. Watch whether 4.428 and 4.793 break on rising volume, and whether the funding rate climbs as open interest increases. This is for market information only and does not constitute investment advice.
#ORDI #Funding rate