On Upbit, $GTC is trading at 0.3153, up 76.47% over 24 hours, while the funding rate remains at -0.0988%. Settled hourly, it had been even lower earlier at -0.1239% and -0.1588%—shorts are paying during this rally.
The account long/short ratio is 0.61, and the top-trader position long/short ratio is 0.87. Both are below 1, so positions aren't crowded on the long side. Perpetual open interest is about 47.95 million tokens, with a notional value of roughly $15.12 million. Twenty-four-hour spot trading volume is $20.88 million, while visible liquidations totaled only around $170,000. For such a sharp gain, liquidation activity has been very light. The 7-day high is 0.3930 and the low is 0.1468; the current price is about 68% of the way through that range, still below the upper end. The 1-hour gain is now just 2.82%, already out of step with the 24-hour pace.
The current price has yet to reach 0.3930. Whether the funding rate can move out of negative territory will tell us more than the gain itself about whether positioning has flipped.
#资金费率 #合约数据
The account long/short ratio is 0.61, and the top-trader position long/short ratio is 0.87. Both are below 1, so positions aren't crowded on the long side. Perpetual open interest is about 47.95 million tokens, with a notional value of roughly $15.12 million. Twenty-four-hour spot trading volume is $20.88 million, while visible liquidations totaled only around $170,000. For such a sharp gain, liquidation activity has been very light. The 7-day high is 0.3930 and the low is 0.1468; the current price is about 68% of the way through that range, still below the upper end. The 1-hour gain is now just 2.82%, already out of step with the 24-hour pace.
The current price has yet to reach 0.3930. Whether the funding rate can move out of negative territory will tell us more than the gain itself about whether positioning has flipped.
#资金费率 #合约数据