$AIOT climbed from 0.11445 to 0.18627 today, and is now at 0.16472, up 40.931% in 24 hours.
The rise is real.
Trading volume so far today is 110.18 million, while the average for the previous six trading days was only 9.36 million—more than an elevenfold difference.
There’s a divergence here.
There’s only so much room in the pot of futures contracts. Suddenly, more than ten times as much money wants to scoop up a serving. Whoever’s closest to the pot gets served first; those who arrive later can only lick the spoon.
Open interest is up 32.81%, while notional value is up 96.60%. The increase in notional value is 2.94 times the increase in contract count.
It’s not just new positions pushing things up—the price itself is also inflating the notional value.
The funding rate is now 0.112422%. In the last nine settlement periods, it was higher only once.
To be honest, I double-checked the funding rate before I believed it.
Long accounts make up 54.44%, and the large-trader position ratio is 1.0443. Is this money here to lift the price—or to catch the falling knife?
The 20-day range percentile is 87.57%. Today’s high broke above the previous 20-day high by 52.17%, and positions are starting to diverge at this level.
It’s like queuing outside a warehouse: there’s only so much stock. Those at the front get their hands on it, while those behind have to pay a higher price.
$BTC is down 0.039% over 24 hours, and $ETH is down 0.296%. Liquidity hasn’t flowed out at all.
At this level, I’d rather pay less attention and wait for the funding rate to come down and for those looking to take profits to leave first.
What do you all think?
#AIOT #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of data; it does not constitute investment advice.
The rise is real.
Trading volume so far today is 110.18 million, while the average for the previous six trading days was only 9.36 million—more than an elevenfold difference.
There’s a divergence here.
There’s only so much room in the pot of futures contracts. Suddenly, more than ten times as much money wants to scoop up a serving. Whoever’s closest to the pot gets served first; those who arrive later can only lick the spoon.
Open interest is up 32.81%, while notional value is up 96.60%. The increase in notional value is 2.94 times the increase in contract count.
It’s not just new positions pushing things up—the price itself is also inflating the notional value.
The funding rate is now 0.112422%. In the last nine settlement periods, it was higher only once.
To be honest, I double-checked the funding rate before I believed it.
Long accounts make up 54.44%, and the large-trader position ratio is 1.0443. Is this money here to lift the price—or to catch the falling knife?
The 20-day range percentile is 87.57%. Today’s high broke above the previous 20-day high by 52.17%, and positions are starting to diverge at this level.
It’s like queuing outside a warehouse: there’s only so much stock. Those at the front get their hands on it, while those behind have to pay a higher price.
$BTC is down 0.039% over 24 hours, and $ETH is down 0.296%. Liquidity hasn’t flowed out at all.
At this level, I’d rather pay less attention and wait for the funding rate to come down and for those looking to take profits to leave first.
What do you all think?
#AIOT #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of data; it does not constitute investment advice.
