**BLUR Market Watch**
The current price is around 0.01087, up roughly +0.18% over 24h (range approximately 0.01034–0.01149). First support is around 0.00963, with resistance near 0.01208. Trend: choppy, with a bearish bias and signs of recovery; there are hints of short covering in the near term.
Technically, the price is still below the medium- and long-term moving averages (MA25 is around 0.01169), so the broader trend has not fully turned bullish. The short-term MA7≈0.01073 is close to the current price. MACD remains below the zero line, but the bars are contracting, suggesting bearish momentum is weakening. RSI is around 51, which is neutral; KDJ is relatively low at around 29/30, with no sign of overheating. The Bollinger Bands are narrowing, at roughly 0.00963–0.01208, and the price is near the middle band.
Funding and positioning (funding rate is key):
The funding rate is currently around -0.489%—extremely negative. In plain terms, shorts are paying longs, and short positions are rather crowded.
Open contracts are worth around $5.6 million. The notional value of open contracts has risen by about 8% over the last few candles, suggesting new positions are being added rather than this being just existing positions changing hands.
Account data: large traders are about 61% long and 39% short, so they lean slightly bullish; market-wide accounts are roughly evenly split (53% long / 47% short). The taker buy/sell ratio is close to balanced, with no one-sided buying spree.
Bias: Cautiously bullish (watching for a rebound amid crowded shorts—not chasing a rally).
Aggressive: Consider a small long position near the current price or on a pullback to 0.00996–0.00963; a stop-loss could be placed below 0.00963.
Conservative: Wait for the price to hold above the short-term moving average and for a pullback to hold support before considering a trade. First target: resistance at 0.01208; beyond that, watch the prior-high retest zone around 0.0125–0.013.
Manage stop-losses and targets based on your own position size. Don’t go all-in betting on funding rates returning to normal.
Core thesis: The broader picture is still a choppy recovery under pressure from the moving averages. However, with funding extremely negative, open interest increasing, and shorts paying longs, the near-term setup looks more like “crowded shorts → potential squeeze-driven rebound.” Don’t chase; it’s safer to watch for a rebound after a pullback to support while funding remains extreme. Until the medium- and long-term moving averages turn, treat this as a rebound—not the start of a new bull market.
Data snapshot: October 16, 22:58 (Shanghai time). Public market data; please check the order book again before posting.
For reference only; this is not investment advice.
#BLUR #FundingRate #ExtremeFundingRate #Futures #Liquidation #BinanceSquare #ANIME #WAL
The current price is around 0.01087, up roughly +0.18% over 24h (range approximately 0.01034–0.01149). First support is around 0.00963, with resistance near 0.01208. Trend: choppy, with a bearish bias and signs of recovery; there are hints of short covering in the near term.
Technically, the price is still below the medium- and long-term moving averages (MA25 is around 0.01169), so the broader trend has not fully turned bullish. The short-term MA7≈0.01073 is close to the current price. MACD remains below the zero line, but the bars are contracting, suggesting bearish momentum is weakening. RSI is around 51, which is neutral; KDJ is relatively low at around 29/30, with no sign of overheating. The Bollinger Bands are narrowing, at roughly 0.00963–0.01208, and the price is near the middle band.
Funding and positioning (funding rate is key):
The funding rate is currently around -0.489%—extremely negative. In plain terms, shorts are paying longs, and short positions are rather crowded.
Open contracts are worth around $5.6 million. The notional value of open contracts has risen by about 8% over the last few candles, suggesting new positions are being added rather than this being just existing positions changing hands.
Account data: large traders are about 61% long and 39% short, so they lean slightly bullish; market-wide accounts are roughly evenly split (53% long / 47% short). The taker buy/sell ratio is close to balanced, with no one-sided buying spree.
Bias: Cautiously bullish (watching for a rebound amid crowded shorts—not chasing a rally).
Aggressive: Consider a small long position near the current price or on a pullback to 0.00996–0.00963; a stop-loss could be placed below 0.00963.
Conservative: Wait for the price to hold above the short-term moving average and for a pullback to hold support before considering a trade. First target: resistance at 0.01208; beyond that, watch the prior-high retest zone around 0.0125–0.013.
Manage stop-losses and targets based on your own position size. Don’t go all-in betting on funding rates returning to normal.
Core thesis: The broader picture is still a choppy recovery under pressure from the moving averages. However, with funding extremely negative, open interest increasing, and shorts paying longs, the near-term setup looks more like “crowded shorts → potential squeeze-driven rebound.” Don’t chase; it’s safer to watch for a rebound after a pullback to support while funding remains extreme. Until the medium- and long-term moving averages turn, treat this as a rebound—not the start of a new bull market.
Data snapshot: October 16, 22:58 (Shanghai time). Public market data; please check the order book again before posting.
For reference only; this is not investment advice.
#BLUR #FundingRate #ExtremeFundingRate #Futures #Liquidation #BinanceSquare #ANIME #WAL