Just came to my senses and took a look: here are the top 5 Alpha coins by futures trading volume over the past 40 minutes. I’ll note the data here for now. Funding rates are noticeably off for JCT, ICNT, AIOT, and IDOL; the rest are basically normal.
1. JCT 24h +161.7%｜OI 43.3M (24h +186%)｜Funding rate +0.215%
OI surged 186% in one day, outpacing the price rise. OI has climbed another 68% over the past hour.
2. KOMA 24h +0.9%｜OI 11.0M (24h +48%)｜Funding rate +0.030%
A lot of this rally has been fueled by futures trading: OI is up 48%, but has dropped 13% over the past hour, suggesting a wave of concentrated position closures.
3. ICNT 24h +29.1%｜OI 12.4M (24h +37%)｜Funding rate -0.254%
A lot of this rally has been fueled by futures trading: OI is up 37%. The -0.254% funding rate suggests shorts are crowded, so watch out for a squeeze.
4. AIOT 24h +27.8%｜OI 8.7M (24h +80%)｜Funding rate +0.051%
OI rose 80% while the price gained 28%, so leverage is piling in fast. The +0.051% funding rate means longs are paying, and long positions look crowded.
5. IDOL 24h +18.7%｜OI 39.3M (24h +33%)｜Funding rate +0.059%
A lot of this rally has been fueled by futures trading: OI is up 33%. The +0.059% funding rate means longs are paying, and long positions look crowded.
JCT is the one I’m watching most closely: OI is up 186%, and sharp wicks are common at this pace. Don’t use too much leverage.
#BinanceAlpha #合约数据 $JCT $KOMA $ICNT
1. JCT 24h +161.7%｜OI 43.3M (24h +186%)｜Funding rate +0.215%
OI surged 186% in one day, outpacing the price rise. OI has climbed another 68% over the past hour.
2. KOMA 24h +0.9%｜OI 11.0M (24h +48%)｜Funding rate +0.030%
A lot of this rally has been fueled by futures trading: OI is up 48%, but has dropped 13% over the past hour, suggesting a wave of concentrated position closures.
3. ICNT 24h +29.1%｜OI 12.4M (24h +37%)｜Funding rate -0.254%
A lot of this rally has been fueled by futures trading: OI is up 37%. The -0.254% funding rate suggests shorts are crowded, so watch out for a squeeze.
4. AIOT 24h +27.8%｜OI 8.7M (24h +80%)｜Funding rate +0.051%
OI rose 80% while the price gained 28%, so leverage is piling in fast. The +0.051% funding rate means longs are paying, and long positions look crowded.
5. IDOL 24h +18.7%｜OI 39.3M (24h +33%)｜Funding rate +0.059%
A lot of this rally has been fueled by futures trading: OI is up 33%. The +0.059% funding rate means longs are paying, and long positions look crowded.
JCT is the one I’m watching most closely: OI is up 186%, and sharp wicks are common at this pace. Don’t use too much leverage.
#BinanceAlpha #合约数据 $JCT $KOMA $ICNT