Down 7.4%; $ETH fell even harder, by 7.85%. Longs are still paying an annualized 11% because the sell-off isn't coming from leveraged traders.
$BTC is currently at 76100. The 7 a.m. candle this morning plunged to 75158, the lowest in two months.
Normally, someone should have given up. But no one has.
Since October 29, Binance perpetual futures funding rates have stayed positive for 25 consecutive periods. The lowest was just 0.00241%, and this morning it stubbornly climbed back to 0.01%.
Positions are also growing. At midnight: 91617 coins. At 9 a.m.: 94502 coins. That's an increase of 2885 coins.
The key isn't how much the price has fallen, but whether 74909 can hold.
Only a sustained move above 79712 counts as a rebound. If it falls below 74909, don't try to catch it.
Price is falling, costs are rising, and positions are growing.
Where's your stop-loss on your long position?
https://www.binance.com/zh-CN/futures/BTCUSDT
$BTC is currently at 76100. The 7 a.m. candle this morning plunged to 75158, the lowest in two months.
Normally, someone should have given up. But no one has.
Since October 29, Binance perpetual futures funding rates have stayed positive for 25 consecutive periods. The lowest was just 0.00241%, and this morning it stubbornly climbed back to 0.01%.
Positions are also growing. At midnight: 91617 coins. At 9 a.m.: 94502 coins. That's an increase of 2885 coins.
The key isn't how much the price has fallen, but whether 74909 can hold.
Only a sustained move above 79712 counts as a rebound. If it falls below 74909, don't try to catch it.
Price is falling, costs are rising, and positions are growing.
Where's your stop-loss on your long position?
https://www.binance.com/zh-CN/futures/BTCUSDT
