Positions are leaning heavily to one side.
$SUI currently ranks No. 2 on the trending list: there are 2 related posts, with 304,000 views in total.
Putting these figures together: the current price is 1.0892, down 2.71% over 24 hours and 0.68% over 1 hour; trading volume over the past hour reached 1.7 times the average for the previous six hours, while open interest fell by about 0.5% over the same period.
The funding rate is 0.010%, equivalent to an annualized rate of about 11.0%, with longs paying. This has persisted for about 5.7 hours.
It’s too early to talk about support at this level.
The above is for informational purposes only and does not constitute advice.
With positions so one-sided, the market may also be more sensitive to volatility.
Which are you watching more closely: funding or volume?
#SUI
$SUI currently ranks No. 2 on the trending list: there are 2 related posts, with 304,000 views in total.
Putting these figures together: the current price is 1.0892, down 2.71% over 24 hours and 0.68% over 1 hour; trading volume over the past hour reached 1.7 times the average for the previous six hours, while open interest fell by about 0.5% over the same period.
The funding rate is 0.010%, equivalent to an annualized rate of about 11.0%, with longs paying. This has persisted for about 5.7 hours.
It’s too early to talk about support at this level.
The above is for informational purposes only and does not constitute advice.
With positions so one-sided, the market may also be more sensitive to volatility.
Which are you watching more closely: funding or volume?
#SUI