There's a lot to cover today.
A few numbers on the futures side:
• $ETH long/short ratio: 2.62, sentiment is running hot
• $SOL long/short ratio: 2.39, sentiment is running hot
Highest funding rate: $SOL +0.0073%
Lowest funding rate: $ETH +0.0018%
$BTC open interest (1h): -0.57%
$ETH open interest (1h): -0.62%
$BTC long/short ratio: 1.20
$ETH long/short ratio: 2.62
Put simply, funding rates and the long/short ratio are sentiment thermometers. Extreme readings often come with increased volatility. At times like these, position size matters more than direction.
If you find this useful, give me a follow. I'll post updates every day.
#Binance #ETH #Futures
A few numbers on the futures side:
• $ETH long/short ratio: 2.62, sentiment is running hot
• $SOL long/short ratio: 2.39, sentiment is running hot
Highest funding rate: $SOL +0.0073%
Lowest funding rate: $ETH +0.0018%
$BTC open interest (1h): -0.57%
$ETH open interest (1h): -0.62%
$BTC long/short ratio: 1.20
$ETH long/short ratio: 2.62
Put simply, funding rates and the long/short ratio are sentiment thermometers. Extreme readings often come with increased volatility. At times like these, position size matters more than direction.
If you find this useful, give me a follow. I'll post updates every day.
#Binance #ETH #Futures