The account long-short ratio is only 0.35, while the large-holder long-short ratio has reached 2.14, so the positions on both sides of $BTW are not on the same side. The current price is 1.6763 USDT. The perpetual funding rate is 0.0050%, settled once every 4 hours, so the current holding cost is not high. Perpetual open interest is about 80,384,327 coins, with a notional value of about 135 million USD, and positions are still there. The account side is bearish, while the large-holder side is bullish; the crowded directions have already diverged. The 24-hour visible liquidations are about 9,403 USD, so the liquidation scale is very light, and the price is not being pushed by cascading liquidations for now. The key point to watch is whether this long-short ratio will keep diverging, and whether the funding rate will rise along with open interest.
#Position Structure