$C is slightly stronger than $BTC over this period, while open interest in perpetual contracts fell by about 13% over the past day. The top traders' long/short position ratio has reached 3.63, with long positions accounting for about 78%; aggressive selling has clearly dominated in the past few minutes.
Binance data as of 04:18 Beijing time: $C spot price was about 0.0783 USDT, +6.10% over 24h; $BTC was about 75,842.6 over the same period, -0.15% over 24h. The difference in 24h performance relative to BTC was about +6.25 percentage points. The intraday high was 0.0792 and the low was 0.0692.
Perpetual contracts: funding rate was about +0.005%. Open interest fell about 13.01% over the past 24 hours and about 0.05% in the past hour. The global long/short account ratio was about 1.22, with long accounts at about 55.0% and short accounts at about 45.0%. The top traders' long/short account ratio was about 1.86 (long accounts at about 65.0%). The top traders' long/short position ratio was about 3.63 (long positions at about 78.4%, short positions at about 21.6%). The taker buy/sell ratio was about 0.68 in the past hour and about 0.25 in the past 5 minutes.
The price is up, positions are shrinking, top traders' positions are heavily skewed long, and aggressive selling is picking up. This looks more like position rotation; don't read relative strength as proof that the bulls have firmly taken control.
Data from Binance spot ticker and public futures API. Not investment advice.
$C $BTC
Binance data as of 04:18 Beijing time: $C spot price was about 0.0783 USDT, +6.10% over 24h; $BTC was about 75,842.6 over the same period, -0.15% over 24h. The difference in 24h performance relative to BTC was about +6.25 percentage points. The intraday high was 0.0792 and the low was 0.0692.
Perpetual contracts: funding rate was about +0.005%. Open interest fell about 13.01% over the past 24 hours and about 0.05% in the past hour. The global long/short account ratio was about 1.22, with long accounts at about 55.0% and short accounts at about 45.0%. The top traders' long/short account ratio was about 1.86 (long accounts at about 65.0%). The top traders' long/short position ratio was about 3.63 (long positions at about 78.4%, short positions at about 21.6%). The taker buy/sell ratio was about 0.68 in the past hour and about 0.25 in the past 5 minutes.
The price is up, positions are shrinking, top traders' positions are heavily skewed long, and aggressive selling is picking up. This looks more like position rotation; don't read relative strength as proof that the bulls have firmly taken control.
Data from Binance spot ticker and public futures API. Not investment advice.
$C $BTC