Down another 10.64% over 4 hours, while OI increased 5.15% in the most recent hour: $AKE 's position expansion has not stopped with the decline. As of 04:17 (UTC), Binance perpetuals were down 24.96% over 24 hours, most recently trading at around 0.003506 USDT; there is no Binance spot market for this asset to cross-check against.
Trading volume over the last 4 full hours was 2.37 times that of the previous window, and OI increased by a cumulative 59.91% across 30 data points. In the previous full hour, the price rebounded 0.40% and trading volume rose 7.92% from the prior hour, but the current price is again about 1.35% below that hour's close, suggesting the short-term rebound has not yet eased the downward pressure.
The indicative funding rate is around +0.0050%, with the latest actual settlement at around +0.0040%; there is no sign yet of extreme one-sided position costs. OI expansion also does not reveal the direction of new positions, so it cannot prove that the decline will necessarily continue.
If a full hourly candle breaks below 0.003338 USDT while OI does not fall, I would first be wary of another acceleration to the downside; only a high-volume recovery above 0.003639 USDT, alongside a cooling OI growth rate, would provide a basis for the structure to stabilize.
* NFA, DYOR
Trading volume over the last 4 full hours was 2.37 times that of the previous window, and OI increased by a cumulative 59.91% across 30 data points. In the previous full hour, the price rebounded 0.40% and trading volume rose 7.92% from the prior hour, but the current price is again about 1.35% below that hour's close, suggesting the short-term rebound has not yet eased the downward pressure.
The indicative funding rate is around +0.0050%, with the latest actual settlement at around +0.0040%; there is no sign yet of extreme one-sided position costs. OI expansion also does not reveal the direction of new positions, so it cannot prove that the decline will necessarily continue.
If a full hourly candle breaks below 0.003338 USDT while OI does not fall, I would first be wary of another acceleration to the downside; only a high-volume recovery above 0.003639 USDT, alongside a cooling OI growth rate, would provide a basis for the structure to stabilize.
* NFA, DYOR
