After the surge, the price has moved close to the top of the seven-day range. $PYTH is currently at 0.08490 USDT, up 9.95% in 24 hours, while the gain over the past hour is only +0.68%—momentum from buyers chasing the price has clearly slowed.
The 24-hour range is 0.07676–0.09082, with an amplitude of 18.3%. The seven-day low is 0.07032 and the high is 0.09082; the current price is about 71% of the way through the range, with today’s high marking the upper bound. Spot trading volume over 24 hours is $15.99 million. Perpetual open interest is about 147,911,996 tokens, with a notional value of roughly $12.56 million; the account long/short ratio is 1.64, and the large-trader position long/short ratio is 1.48, indicating that long accounts are in the majority. The funding rate is -0.0013% (settled every four hours), and has not risen alongside the crowding into long positions. Visible liquidations over 24 hours total about $120,000, a relatively small amount.
The price is elevated, accounts are tilted long, and the funding rate remains negative, so the rally has not yet been priced in as a one-sided leveraged trade. Watch whether price can break above 0.09082 on increased volume, and whether the funding rate turns positive.
#价格位置 #资金费率
The 24-hour range is 0.07676–0.09082, with an amplitude of 18.3%. The seven-day low is 0.07032 and the high is 0.09082; the current price is about 71% of the way through the range, with today’s high marking the upper bound. Spot trading volume over 24 hours is $15.99 million. Perpetual open interest is about 147,911,996 tokens, with a notional value of roughly $12.56 million; the account long/short ratio is 1.64, and the large-trader position long/short ratio is 1.48, indicating that long accounts are in the majority. The funding rate is -0.0013% (settled every four hours), and has not risen alongside the crowding into long positions. Visible liquidations over 24 hours total about $120,000, a relatively small amount.
The price is elevated, accounts are tilted long, and the funding rate remains negative, so the rally has not yet been priced in as a one-sided leveraged trade. Watch whether price can break above 0.09082 on increased volume, and whether the funding rate turns positive.
#价格位置 #资金费率