$ARIA The funding rate for this 4-hour period is positive at 0.005955%,
but OI over the past day is 10.48% lower than at this time yesterday. Huh~.
The account long/short ratio was 1.1673 at this time yesterday.
Now it's down to 1.1218, and the relative advantage of long accounts is shrinking too.
I'm leaning bearish, and I choose waning open interest rather than the explanation that bullish consensus is growing.
The positive funding rate is evidence against my view, so I'll rate this bearish outlook as only mildly bearish.
If the bulls use the positive funding rate to prove that sentiment is strong, pfft~—I'll give that move a new name: “Using the heating bill to prove the restaurant is packed.”
Let me leave myself a way out:
If it breaks below 0.111, weakness will continue along the same path.
If it breaks above 0.167, my bearish thesis is invalidated on the spot.
“10.48% means interest is fading,”
or “10.48% is just a breather”—which one better matches your view?
#ARIA #Funding Rate
Data is from Binance's public market data and does not constitute investment advice
but OI over the past day is 10.48% lower than at this time yesterday. Huh~.
The account long/short ratio was 1.1673 at this time yesterday.
Now it's down to 1.1218, and the relative advantage of long accounts is shrinking too.
I'm leaning bearish, and I choose waning open interest rather than the explanation that bullish consensus is growing.
The positive funding rate is evidence against my view, so I'll rate this bearish outlook as only mildly bearish.
If the bulls use the positive funding rate to prove that sentiment is strong, pfft~—I'll give that move a new name: “Using the heating bill to prove the restaurant is packed.”
Let me leave myself a way out:
If it breaks below 0.111, weakness will continue along the same path.
If it breaks above 0.167, my bearish thesis is invalidated on the spot.
“10.48% means interest is fading,”
or “10.48% is just a breather”—which one better matches your view?
#ARIA #Funding Rate
Data is from Binance's public market data and does not constitute investment advice
