Down 43.72% over 24 hours, while the 30-point window for OI quantity rose 81.01%: $AKE this downturn has yet to show a clear deleveraging finish. Public Binance data at 10:06 (UTC) showed perpetuals at 0.010543 USDT, down another 10.97% over the last 4 full hours, with trading volume at 3.26 times that of the previous window.
The previous full hour saw a 1.50% decline and an 83.54% drop in trading volume versus the prior hour, but OI quantity rose another 1.51%. With prices still under pressure, positions continuing to accumulate, and trading activity cooling rapidly, this combination could amplify the next directional move. However, OI cannot tell whether the new positions are net long or net short.
The indicative funding rate is about -0.0692%, and the most recent settlement was about -0.1250%. The negative rate indicates a high holding cost for short positions, but by itself it does not prove a rebound is imminent; AKE also has no Binance spot market for cross-checking.
If a full hour closes below 0.010412 USDT while OI does not fall, I would first guard against another acceleration to the downside. Only a recovery above 0.010968 USDT, accompanied by a pickup in trading volume and slower OI growth, would provide a basis for short-term structural stability.
* NFA, DYOR
The previous full hour saw a 1.50% decline and an 83.54% drop in trading volume versus the prior hour, but OI quantity rose another 1.51%. With prices still under pressure, positions continuing to accumulate, and trading activity cooling rapidly, this combination could amplify the next directional move. However, OI cannot tell whether the new positions are net long or net short.
The indicative funding rate is about -0.0692%, and the most recent settlement was about -0.1250%. The negative rate indicates a high holding cost for short positions, but by itself it does not prove a rebound is imminent; AKE also has no Binance spot market for cross-checking.
If a full hour closes below 0.010412 USDT while OI does not fall, I would first guard against another acceleration to the downside. Only a recovery above 0.010968 USDT, accompanied by a pickup in trading volume and slower OI growth, would provide a basis for short-term structural stability.
* NFA, DYOR
