$LSK 1 hours: up 5.02%, with trading volume at 1.6 times the average for the previous 24 hours—volume is supporting the rise, and participation has clearly increased.
Two derivatives metrics point in different directions: the funding rate is around -0.04%, meaning shorts are paying on the perpetual market; open interest fell 3.8% over the same period. Prices rose as open interest contracted. Without a long/short breakdown, we can't determine which side accounted for the reduction in positions. What we can confirm is that volume has kept pace with the price, while outstanding leveraged positions are shrinking.
The current price is not far from the resistance level above at 0.21894. Whether it can hold above this level will depend on whether volume continues.
#行情分析 #山寨季
Personal market notes only; this is not investment advice. Please manage your position size carefully.
Two derivatives metrics point in different directions: the funding rate is around -0.04%, meaning shorts are paying on the perpetual market; open interest fell 3.8% over the same period. Prices rose as open interest contracted. Without a long/short breakdown, we can't determine which side accounted for the reduction in positions. What we can confirm is that volume has kept pace with the price, while outstanding leveraged positions are shrinking.
The current price is not far from the resistance level above at 0.21894. Whether it can hold above this level will depend on whether volume continues.
#行情分析 #山寨季
Personal market notes only; this is not investment advice. Please manage your position size carefully.