$BTW
Up about +16% today, but the funding rate has plunged to around −1.57%—shorts are paying longs. After the sharp rise, wait and see.
Price is around 1.93, with 24-hour volume of about 255 million U.
Open interest is up about 20%, and capital is still piling in.
Bias: Lean toward waiting; consider a small long only after a pullback.
Aggressive: Try a small position on a pullback near 1.75, with a stop at 1.65 (about −6%) and an initial target of 2.00.
Conservative: Wait for confirmation around 1.65 before entering, with a stop at 1.55 (about −6%) and a target of 1.90.
Will it hit 1.75 first or 2.10 first?
Note: This analysis is for reference only and does not constitute investment advice!
#BTW #Funding Rate
Up about +16% today, but the funding rate has plunged to around −1.57%—shorts are paying longs. After the sharp rise, wait and see.
Price is around 1.93, with 24-hour volume of about 255 million U.
Open interest is up about 20%, and capital is still piling in.
Bias: Lean toward waiting; consider a small long only after a pullback.
Aggressive: Try a small position on a pullback near 1.75, with a stop at 1.65 (about −6%) and an initial target of 2.00.
Conservative: Wait for confirmation around 1.65 before entering, with a stop at 1.55 (about −6%) and a target of 1.90.
Will it hit 1.75 first or 2.10 first?
Note: This analysis is for reference only and does not constitute investment advice!
#BTW #Funding Rate