$AKE 24h up 93.1%, but still down 64.0% over 7 days and 81.8% over 30 days—basically just bouncing off the floor
· Open interest up 78.8% in 24h, to $16.39 million
· 24h futures volume: $406 million, 25 times open interest
· Long/short account ratio: 0.99, basically even
AKE is Akedo’s coin. Akedo builds an AI agent framework—in plain English, it lets you create mini-games with AI using a single prompt. It’s an AI application on BNB Chain and had an IDO through Binance Wallet.
Funding rates were negative for several periods in a row, only turning positive in the latest one. That suggests this move came from shorts getting squeezed, rather than longs steadily chasing the price up. Trading volume is 25 times open interest, so positions are turning over very quickly; most traders are probably flipping in and out, and few are holding on for long. The account ratio is about even, so we can’t tell which side has larger positions. But open interest is still rising, which suggests new money is still coming in. If the price pulls back, traders on either side could get liquidated. Another possibility is that this is just a normal bounce after an 80% drop, and the price will fall back once the volume dries up.
No new catalysts have turned up in the past few days, so this rise is most likely being driven by market action alone. Only 22.8% of the supply is circulating, and FDV is 4.4 times the market cap, so the pressure from future unlocks remains. However big the bounce gets, it’s best to treat it as a short-term move for now.
#AKE #资金费率 #妖币
· Open interest up 78.8% in 24h, to $16.39 million
· 24h futures volume: $406 million, 25 times open interest
· Long/short account ratio: 0.99, basically even
AKE is Akedo’s coin. Akedo builds an AI agent framework—in plain English, it lets you create mini-games with AI using a single prompt. It’s an AI application on BNB Chain and had an IDO through Binance Wallet.
Funding rates were negative for several periods in a row, only turning positive in the latest one. That suggests this move came from shorts getting squeezed, rather than longs steadily chasing the price up. Trading volume is 25 times open interest, so positions are turning over very quickly; most traders are probably flipping in and out, and few are holding on for long. The account ratio is about even, so we can’t tell which side has larger positions. But open interest is still rising, which suggests new money is still coming in. If the price pulls back, traders on either side could get liquidated. Another possibility is that this is just a normal bounce after an 80% drop, and the price will fall back once the volume dries up.
No new catalysts have turned up in the past few days, so this rise is most likely being driven by market action alone. Only 22.8% of the supply is circulating, and FDV is 4.4 times the market cap, so the pressure from future unlocks remains. However big the bounce gets, it’s best to treat it as a short-term move for now.
#AKE #资金费率 #妖币
