Binance says 90% of stolen assets have been replenished, and withdrawals will resume shortly; Ethereum funding rates turned positive today. Both settle at 16:00.
1. $BTC According to Phoenix Finance, Binance will resume withdrawals shortly after replenishing 90% of the assets; according to Sina Finance, about $6.4 billion in stolen assets has been frozen, and the Secret Service is investigating. The bullish view: funding rate 0.0100%, annualized 11.0%; positive for 24 consecutive settlements, with longs paying and adding positions; OI $7.533 billion, +0.45% over the window; top trader position ratio 1.70, leaning bullish; price 77,715 (+0.67%), closing position 81%. The bearish view: taker buy/sell ratio 1.06, which is merely balanced; basis rate -0.05%, still at a discount; Fear & Greed Index 34, with Fear for three days. Next event: 16:00 settlement and withdrawals going live.
2. $ETH The funding rate has turned positive. According to this round's settlement records, all four settlements from 08:00 yesterday to 08:00 today were negative; it is now 0.0038%, annualized 4.1%; taker buy/sell ratio 1.47, with buyers in control; OI $5.386 billion, +1.56% over the window; price 2,265 (+1.15%), closing position 75%. The bullish case is betting on all four indicators moving in the same direction. The bearish view: basis rate -0.05%, the discount remains unresolved; according to Rhythm, staking volume hit a record high, yet gross annualized yield fell to 2.63%.
One has paid funding 24 times and is still adding to its position; the other has just turned into a long paying funding. Which one will turn first?
Data source: Binance USDⓈ-M futures, collected at 12:05 Beijing time on 11-01
1. $BTC According to Phoenix Finance, Binance will resume withdrawals shortly after replenishing 90% of the assets; according to Sina Finance, about $6.4 billion in stolen assets has been frozen, and the Secret Service is investigating. The bullish view: funding rate 0.0100%, annualized 11.0%; positive for 24 consecutive settlements, with longs paying and adding positions; OI $7.533 billion, +0.45% over the window; top trader position ratio 1.70, leaning bullish; price 77,715 (+0.67%), closing position 81%. The bearish view: taker buy/sell ratio 1.06, which is merely balanced; basis rate -0.05%, still at a discount; Fear & Greed Index 34, with Fear for three days. Next event: 16:00 settlement and withdrawals going live.
2. $ETH The funding rate has turned positive. According to this round's settlement records, all four settlements from 08:00 yesterday to 08:00 today were negative; it is now 0.0038%, annualized 4.1%; taker buy/sell ratio 1.47, with buyers in control; OI $5.386 billion, +1.56% over the window; price 2,265 (+1.15%), closing position 75%. The bullish case is betting on all four indicators moving in the same direction. The bearish view: basis rate -0.05%, the discount remains unresolved; according to Rhythm, staking volume hit a record high, yet gross annualized yield fell to 2.63%.
One has paid funding 24 times and is still adding to its position; the other has just turned into a long paying funding. Which one will turn first?
Data source: Binance USDⓈ-M futures, collected at 12:05 Beijing time on 11-01