$ALGO strengthened relative to $BTC , with open interest rising over 24 hours. Both global accounts and top traders are leaning bullish, but aggressive buying and selling over the past hour still tilted slightly toward selling.
Binance data as of 06:10 Beijing time: $ALGO spot price was around 0.0958 USDT, up 2.57% over 24 hours; $BTC was around 76,056.0 over the same period, up 0.13%. The 24-hour gain relative to BTC was approximately 2.44 percentage points. The intraday high was 0.0987 and the low was 0.0912. Spot trading volume was about 1.13M USDT.
Futures: The funding rate was around +0.0080%. Perpetual open interest rose about 4.22% over the past 24 hours, but fell around 0.65% in the past hour. The global long/short account ratio was about 1.37, with long accounts at approximately 57.8% and short accounts at 42.2%. The top trader long/short account ratio was about 1.69 (approximately 62.8% long accounts). The top trader long/short position ratio was about 1.65 (approximately 62.2% long and 37.8% short). The aggressive buy/sell ratio was about 0.91 over the past hour and 1.07 over the past 5 minutes.
Price has strengthened on a relative basis, and positions are building. Both accounts overall and top traders' positions are skewed long, but short-term aggressive buying has yet to fully catch up. This setup looks more like “the rally is pushing traders into long positions.” Next, watch whether open interest continues to rise and whether the buy/sell ratio over the past hour moves back above 1.
Data from Binance spot ticker and public futures APIs. Not investment advice.
$ALGO $BTC
Binance data as of 06:10 Beijing time: $ALGO spot price was around 0.0958 USDT, up 2.57% over 24 hours; $BTC was around 76,056.0 over the same period, up 0.13%. The 24-hour gain relative to BTC was approximately 2.44 percentage points. The intraday high was 0.0987 and the low was 0.0912. Spot trading volume was about 1.13M USDT.
Futures: The funding rate was around +0.0080%. Perpetual open interest rose about 4.22% over the past 24 hours, but fell around 0.65% in the past hour. The global long/short account ratio was about 1.37, with long accounts at approximately 57.8% and short accounts at 42.2%. The top trader long/short account ratio was about 1.69 (approximately 62.8% long accounts). The top trader long/short position ratio was about 1.65 (approximately 62.2% long and 37.8% short). The aggressive buy/sell ratio was about 0.91 over the past hour and 1.07 over the past 5 minutes.
Price has strengthened on a relative basis, and positions are building. Both accounts overall and top traders' positions are skewed long, but short-term aggressive buying has yet to fully catch up. This setup looks more like “the rally is pushing traders into long positions.” Next, watch whether open interest continues to rise and whether the buy/sell ratio over the past hour moves back above 1.
Data from Binance spot ticker and public futures APIs. Not investment advice.
$ALGO $BTC