$KOMA Up 20%, leverage at 1.2x
This move is driven by leverage, not spot buying. Open interest is 7.47 million, while the circulating market cap is only 6.12 million, and leverage has been squeezed down to 1.2x—every pullback is a liquidation, not a change of hands. The 15-minute candle at 22:00 plunged from 0.0165 to 0.0149, then rebounded; volume surged to 3x that of the previous candle, flushing out the first batch of longs.
The funding rate is +0.0392%, settled every 4 hours, or 85.8% annualized. Across eight periods, it has fluctuated between 0.005% and 0.144%, with longs paying fees the whole time. OI rose only 2% in two and a half hours; positions haven't increased further, yet the price is still grinding sideways.
Support: 0.0149. Resistance: 0.0166. Invalidation condition: a 15-minute close below 0.0149 accompanied by a decline in open interest would indicate that longs have given up.
KOMA is a combination of “fully leveraged positions + elevated funding rates + a sharp, high-volume sell-off.” Support is 0.0149, resistance is 0.0166. Best to wait.
Can the 0.0149 level hold?
#巨鲸 #BTC
This move is driven by leverage, not spot buying. Open interest is 7.47 million, while the circulating market cap is only 6.12 million, and leverage has been squeezed down to 1.2x—every pullback is a liquidation, not a change of hands. The 15-minute candle at 22:00 plunged from 0.0165 to 0.0149, then rebounded; volume surged to 3x that of the previous candle, flushing out the first batch of longs.
The funding rate is +0.0392%, settled every 4 hours, or 85.8% annualized. Across eight periods, it has fluctuated between 0.005% and 0.144%, with longs paying fees the whole time. OI rose only 2% in two and a half hours; positions haven't increased further, yet the price is still grinding sideways.
Support: 0.0149. Resistance: 0.0166. Invalidation condition: a 15-minute close below 0.0149 accompanied by a decline in open interest would indicate that longs have given up.
KOMA is a combination of “fully leveraged positions + elevated funding rates + a sharp, high-volume sell-off.” Support is 0.0149, resistance is 0.0166. Best to wait.
Can the 0.0149 level hold?
#巨鲸 #BTC