The 24-hour decline widened to 35.29%, with a further 14.25% drop over the last 4 full hours, while trading volume rose to 5.56 times that of the previous window. Public Binance data at 08:07 (UTC) showed $JCT perpetual trading at around 0.004063 USDT, with the market in a zone of sharp short-term declines and high turnover.
The previous full hour saw a 1.97% rebound, and trading volume increased 89.17% from the prior hour. However, OI by contracts rose only 0.03%, while the 30-point window actually declined 1.57%. With prices falling sharply but positions not expanding in tandem, this looks more like a concentrated exit from existing positions. The available data cannot prove that new shorts are persistently in control.
The funding rate indication and the latest settlement were both around +0.0050%, still neutral. JCT also lacks cross-confirmation from Binance spot markets, so the increase in perpetual trading volume alone cannot confirm that selling pressure has ended or that the downtrend will necessarily continue.
⚠️ If a full hourly candle breaks below 0.004014, volume continues to rise, and OI starts expanding, watch out for new leverage joining the downturn. A more credible short-term confirmation that the decline has stalled would require a move back above 0.004613 while OI remains stable. Until the volatility structure is confirmed, I won't chase shorts.
* NFA, DYOR
The previous full hour saw a 1.97% rebound, and trading volume increased 89.17% from the prior hour. However, OI by contracts rose only 0.03%, while the 30-point window actually declined 1.57%. With prices falling sharply but positions not expanding in tandem, this looks more like a concentrated exit from existing positions. The available data cannot prove that new shorts are persistently in control.
The funding rate indication and the latest settlement were both around +0.0050%, still neutral. JCT also lacks cross-confirmation from Binance spot markets, so the increase in perpetual trading volume alone cannot confirm that selling pressure has ended or that the downtrend will necessarily continue.
⚠️ If a full hourly candle breaks below 0.004014, volume continues to rise, and OI starts expanding, watch out for new leverage joining the downturn. A more credible short-term confirmation that the decline has stalled would require a move back above 0.004613 while OI remains stable. Until the volatility structure is confirmed, I won't chase shorts.
* NFA, DYOR
