$INJ barely followed the decline today.
Binance data as of 22:24 (Beijing time): $INJ spot was around 8.287 USDT, +0.12% over 24h; over the same period, $BTC was around 75,724, down 4.62%. INJ rebounded about 6.5% from its intraday low of 7.778, and was just about 1.9% below its high of 8.448. BTC pulled back about 4.9% from its high and rebounded only about 0.7% from its low.
On the futures side: INJUSDT perpetual open interest (in coins) rose from around 3.71 million to around 3.73 million over the past 7 hours, a change of less than 1%. The funding rate was 0.01%. During the 21:00 hour, taker sells totaled about 507,000 coins and taker buys about 423,000, for a buy/sell ratio of 0.84.
During the same decline, spot relative strength varied widely, while futures positions did not noticeably build up. It’s fine to look at relative performance, but don’t take “resilience” as a direct indication of leverage direction.
Data from Binance spot tickers and public futures APIs. Not investment advice.
$INJ $BTC
Binance data as of 22:24 (Beijing time): $INJ spot was around 8.287 USDT, +0.12% over 24h; over the same period, $BTC was around 75,724, down 4.62%. INJ rebounded about 6.5% from its intraday low of 7.778, and was just about 1.9% below its high of 8.448. BTC pulled back about 4.9% from its high and rebounded only about 0.7% from its low.
On the futures side: INJUSDT perpetual open interest (in coins) rose from around 3.71 million to around 3.73 million over the past 7 hours, a change of less than 1%. The funding rate was 0.01%. During the 21:00 hour, taker sells totaled about 507,000 coins and taker buys about 423,000, for a buy/sell ratio of 0.84.
During the same decline, spot relative strength varied widely, while futures positions did not noticeably build up. It’s fine to look at relative performance, but don’t take “resilience” as a direct indication of leverage direction.
Data from Binance spot tickers and public futures APIs. Not investment advice.
$INJ $BTC