$BR The latest one-hour low has finally moved higher, but the rebound still did not produce a higher close. I’m continuing to wait and see: from 10:00 to 11:00, the high was 0.65834, briefly reaching the 0.65768 level noted in the previous update, but the price ultimately fell back to 0.62584. The pace of the pullback has temporarily slowed, but there is still no closing confirmation that lost ground has been recovered.
In the previous update, I noted that from 08:00 to 09:00, price fell sharply on high volume, down 9.76%, with 0.69666 and 0.68119 successively breached. I also cautioned that although the low of 0.61318 dipped below 0.62170, the close of 0.63984 moved back above it, so this should not be confused with a confirmed closing breakdown. From 09:00 to 10:00, the low fell further to 0.60190, the rebound reached a high of 0.67219, and the period closed at 0.62619, still down 2.18% for the hour. This shows that the prior low area was not fully preserved. Although the rebound moved above 0.65768, the close still failed to reclaim it.
There was one improvement from 10:00 to 11:00: the low was 0.61228, above the previous hour’s 0.60190, so the low for these two hours was not extended. However, the high was only 0.65834, below the previous hour’s 0.67219, and the period closed at 0.62584, down slightly by 0.05% from the open and also a little below the previous hour’s close. The downside probe has narrowed, but upside progress remains insufficient. For now, I see this as a narrowing range after a sharp drop, rather than a confirmed recovery of the uptrend.
The assessment around 0.62170 also needs to be precise. The latest hourly low was still below this level, so it would be inaccurate to say that price held above it throughout the hour. The close was above it, so it would also be inaccurate to say that the close had broken below it. What we are seeing is repeated movement across this level. If the next rebound can only touch 0.65768 intrahour before falling back toward the lows, the evidence of recovery will remain limited. A higher close, followed by a pullback that holds, would be more convincing than a brief touch.
Trading has quieted somewhat, but not enough to prove that selling pressure has disappeared. Volume was about 33.9361 million USDT from 08:00 to 09:00, fell to 22.6276 million from 09:00 to 10:00, and was about 22.1990 million from 10:00 to 11:00—just 1.89% less than the previous hour. With volume still above 20 million, the rebound failed to produce a higher close, so demand willing to trade at higher prices still needs to be confirmed. Lower volume and a price that stops falling can occur at the same time, but that does not directly imply that a rebound is certain next.
For open interest, I can only add data through the previous hour this time. Historical open interest was about 21.6547 million BR at 09:00 and 21.7754 million at 10:00, an increase of 0.56%. Meanwhile, price fell from 0.64017 to 0.62619 over 09:00–10:00. This differs from the 08:00–09:00 combination of falling prices and a 2.74% decline in contract quantity, showing that the net change in contracts has shifted, but it does not confirm which side opened or closed positions. The historical boundary for 11:00 has not yet been returned, so the open-interest change for the latest 10:00–11:00 period remains unknown; I won’t fill it in with an instantaneous value.
The latest complete native four-hour period is still 04:00–08:00: price rose 3.53%, volume fell 28.46% compared with the previous window, and open-interest quantity declined 3.26%. The 08:00–12:00 period is still missing its final hour. The pullback and narrowing over the last three hours are worth watching, but the complete four-hour result must wait until the candle closes; it should not be characterized in advance. The latest actual funding rate was still -0.022298% at 08:00, and the next estimate has not yet settled.
The readable content on the Bedrock official website in this review remains focused mainly on business information; I have not verified any new contemporaneous catalyst that could independently explain this move. The quote around 11:00 was approximately 0.62351, which belongs to the new hour. Next, I’ll first watch whether the lower levels between 0.61228 and 0.60190 continue to hold, then whether price can reclaim 0.65768 on a closing basis. As long as higher levels cannot be held, I will not upgrade my view on continuation just because the asset ranks near the top by rolling gains.
In the previous update, I noted that from 08:00 to 09:00, price fell sharply on high volume, down 9.76%, with 0.69666 and 0.68119 successively breached. I also cautioned that although the low of 0.61318 dipped below 0.62170, the close of 0.63984 moved back above it, so this should not be confused with a confirmed closing breakdown. From 09:00 to 10:00, the low fell further to 0.60190, the rebound reached a high of 0.67219, and the period closed at 0.62619, still down 2.18% for the hour. This shows that the prior low area was not fully preserved. Although the rebound moved above 0.65768, the close still failed to reclaim it.
There was one improvement from 10:00 to 11:00: the low was 0.61228, above the previous hour’s 0.60190, so the low for these two hours was not extended. However, the high was only 0.65834, below the previous hour’s 0.67219, and the period closed at 0.62584, down slightly by 0.05% from the open and also a little below the previous hour’s close. The downside probe has narrowed, but upside progress remains insufficient. For now, I see this as a narrowing range after a sharp drop, rather than a confirmed recovery of the uptrend.
The assessment around 0.62170 also needs to be precise. The latest hourly low was still below this level, so it would be inaccurate to say that price held above it throughout the hour. The close was above it, so it would also be inaccurate to say that the close had broken below it. What we are seeing is repeated movement across this level. If the next rebound can only touch 0.65768 intrahour before falling back toward the lows, the evidence of recovery will remain limited. A higher close, followed by a pullback that holds, would be more convincing than a brief touch.
Trading has quieted somewhat, but not enough to prove that selling pressure has disappeared. Volume was about 33.9361 million USDT from 08:00 to 09:00, fell to 22.6276 million from 09:00 to 10:00, and was about 22.1990 million from 10:00 to 11:00—just 1.89% less than the previous hour. With volume still above 20 million, the rebound failed to produce a higher close, so demand willing to trade at higher prices still needs to be confirmed. Lower volume and a price that stops falling can occur at the same time, but that does not directly imply that a rebound is certain next.
For open interest, I can only add data through the previous hour this time. Historical open interest was about 21.6547 million BR at 09:00 and 21.7754 million at 10:00, an increase of 0.56%. Meanwhile, price fell from 0.64017 to 0.62619 over 09:00–10:00. This differs from the 08:00–09:00 combination of falling prices and a 2.74% decline in contract quantity, showing that the net change in contracts has shifted, but it does not confirm which side opened or closed positions. The historical boundary for 11:00 has not yet been returned, so the open-interest change for the latest 10:00–11:00 period remains unknown; I won’t fill it in with an instantaneous value.
The latest complete native four-hour period is still 04:00–08:00: price rose 3.53%, volume fell 28.46% compared with the previous window, and open-interest quantity declined 3.26%. The 08:00–12:00 period is still missing its final hour. The pullback and narrowing over the last three hours are worth watching, but the complete four-hour result must wait until the candle closes; it should not be characterized in advance. The latest actual funding rate was still -0.022298% at 08:00, and the next estimate has not yet settled.
The readable content on the Bedrock official website in this review remains focused mainly on business information; I have not verified any new contemporaneous catalyst that could independently explain this move. The quote around 11:00 was approximately 0.62351, which belongs to the new hour. Next, I’ll first watch whether the lower levels between 0.61228 and 0.60190 continue to hold, then whether price can reclaim 0.65768 on a closing basis. As long as higher levels cannot be held, I will not upgrade my view on continuation just because the asset ranks near the top by rolling gains.