$MEGA was relatively stronger than $BTC over the past day, while global accounts still lean bearish; top traders’ positions are already heavily skewed bullish. Aggressive buying dominated over the past hour, but aggressive selling has pushed back in the last few minutes.
Binance data as of 04:36 (Beijing time): $MEGA spot price was about 0.04836 USDT, +5.52% over 24 hours; $BTC was about 75,914.4, -0.28% over the same period. The 24-hour performance difference relative to BTC was about +5.80 percentage points. The intraday high was 0.04996 and the low was 0.04461.
On the derivatives side: the funding rate was about +0.0050%. Perpetual open interest was up about 5.75% over the past 24 hours and about 0.04% over the past hour. The global long/short account ratio was about 0.88, with long accounts at about 46.9% and short accounts at about 53.1%. The top trader account long/short ratio was about 1.01 (long accounts at about 50.3%). The top trader position long/short ratio was about 2.30 (about 69.7% long and 30.3% short). The aggressive buy/sell ratio was about 1.27 over the past hour and about 0.45 over the last 5 minutes.
Retail accounts remain tilted bearish, while top traders’ positions are piled on the long side; buying on the hourly timeframe and selling on the minute timeframe are also pulling in opposite directions. Beyond relative strength, first look at who is holding positions and who is selling.
Data from Binance spot ticker and public derivatives APIs. Not investment advice.
$MEGA $BTC
Binance data as of 04:36 (Beijing time): $MEGA spot price was about 0.04836 USDT, +5.52% over 24 hours; $BTC was about 75,914.4, -0.28% over the same period. The 24-hour performance difference relative to BTC was about +5.80 percentage points. The intraday high was 0.04996 and the low was 0.04461.
On the derivatives side: the funding rate was about +0.0050%. Perpetual open interest was up about 5.75% over the past 24 hours and about 0.04% over the past hour. The global long/short account ratio was about 0.88, with long accounts at about 46.9% and short accounts at about 53.1%. The top trader account long/short ratio was about 1.01 (long accounts at about 50.3%). The top trader position long/short ratio was about 2.30 (about 69.7% long and 30.3% short). The aggressive buy/sell ratio was about 1.27 over the past hour and about 0.45 over the last 5 minutes.
Retail accounts remain tilted bearish, while top traders’ positions are piled on the long side; buying on the hourly timeframe and selling on the minute timeframe are also pulling in opposite directions. Beyond relative strength, first look at who is holding positions and who is selling.
Data from Binance spot ticker and public derivatives APIs. Not investment advice.
$MEGA $BTC