$CYBER 19:35 onward, it climbed from 0.261 to a daily high of 0.3398 in 25 minutes. At 20:00, a single five-minute candle saw about 9.1 million U in volume as the price plunged from 0.34 to 0.291, giving back roughly 70% of the spike. It is now around 0.292, close to where the rally began, so it’s not a good idea to chase the short.
The contract’s 24-hour trading volume is about 43.6 million U, up roughly 10% over 24 hours. During the hour beginning at 19:00, volume surged to about 19.6 million U; before that, hourly volume was mostly in the hundreds of thousands. Open interest was about 14.01 million contracts before the rally, then rose to about 21.71 million at 20:00 (up roughly 55%). Notional value nearly doubled, from about 3.68 million U to 7.3 million U. Funding rates have been negative for several consecutive periods, settling at about -0.064% at 20:00, meaning shorts have been paying continuously. Long positions account for about 45% of accounts, while large traders’ positions are about 59%. No new announcement from the project team has appeared on X.
Bearish view: weakness would be confirmed by a high-volume break below the pre-rally level of 0.260, followed by failure to reclaim it. This view is invalidated if the price reclaims 0.34 on high volume.
Can the pre-rally level of 0.260 hold?
#CYBER二十五分钟暴拉 #OI increased during the rally
The contract’s 24-hour trading volume is about 43.6 million U, up roughly 10% over 24 hours. During the hour beginning at 19:00, volume surged to about 19.6 million U; before that, hourly volume was mostly in the hundreds of thousands. Open interest was about 14.01 million contracts before the rally, then rose to about 21.71 million at 20:00 (up roughly 55%). Notional value nearly doubled, from about 3.68 million U to 7.3 million U. Funding rates have been negative for several consecutive periods, settling at about -0.064% at 20:00, meaning shorts have been paying continuously. Long positions account for about 45% of accounts, while large traders’ positions are about 59%. No new announcement from the project team has appeared on X.
Bearish view: weakness would be confirmed by a high-volume break below the pre-rally level of 0.260, followed by failure to reclaim it. This view is invalidated if the price reclaims 0.34 on high volume.
Can the pre-rally level of 0.260 hold?
#CYBER二十五分钟暴拉 #OI increased during the rally
