Bearish, but I’m putting a question mark next to the hype around $CAP . Don’t get carried away just because open interest is rising.
Binance data shows a positive funding rate of about 0.0311%. The long/short ratio fell from 1.3359 to 1.2779. Longs still outnumber shorts, but their advantage is narrowing.
Honestly, what am I going to do with you? Here’s how to read the combination: over the past 6 hours, the price fell 1.25% while OI rose 3.34%. That means open interest increased as the price weakened, pointing to mounting downward pressure—but you can’t conclude from this alone that all the new positions are shorts. I might not teach you next time.
My bearish view is only tentative, and conviction is limited: positive funding alongside a weakening price is worth watching, but it’s not enough to confirm a one-way trend.
A break below the 24-hour low of 0.0867 would give the bearish view more support. If the price holds above 0.111, the high, I’ll admit I was wrong. I’m only spelling out the conditions for your sake.
Do you think this combination of falling prices and rising OI looks more like accumulating downward pressure, or widening disagreement between longs and shorts? What’s your reasoning?
#CAP #FundingRate
Data is from Binance public market data and does not constitute investment advice.
Binance data shows a positive funding rate of about 0.0311%. The long/short ratio fell from 1.3359 to 1.2779. Longs still outnumber shorts, but their advantage is narrowing.
Honestly, what am I going to do with you? Here’s how to read the combination: over the past 6 hours, the price fell 1.25% while OI rose 3.34%. That means open interest increased as the price weakened, pointing to mounting downward pressure—but you can’t conclude from this alone that all the new positions are shorts. I might not teach you next time.
My bearish view is only tentative, and conviction is limited: positive funding alongside a weakening price is worth watching, but it’s not enough to confirm a one-way trend.
A break below the 24-hour low of 0.0867 would give the bearish view more support. If the price holds above 0.111, the high, I’ll admit I was wrong. I’m only spelling out the conditions for your sake.
Do you think this combination of falling prices and rising OI looks more like accumulating downward pressure, or widening disagreement between longs and shorts? What’s your reasoning?
#CAP #FundingRate
Data is from Binance public market data and does not constitute investment advice.
