Everyone, I’ve been watching this chart for $LIT half the night.
Over 24 hours, it’s up 7.717%, moving from 3.1311 to 3.5056, with 62.52 million USDT in trading volume.
The price is at the 66.348th percentile of the 20-day range, from 2.5862 to 3.9163—in the upper third.
That’s not a low level.
What I’m watching is the open interest column: notional value rose 11.391% in a day, while the number of contracts rose just 3.766%.
It’s the same picture over four days: notional value up 10.358%, contract count up 5.694%.
It’s like opening the reservoir’s inlet one notch wider: the water level rises faster than the reservoir fills.
The market is only so big. The incoming money pushes prices up first; it’s only when it crowds the doorway that we start to see it.
Honestly, I had to check this structure twice before I believed it.
The funding rate is still languishing at 0.005%, and longs aren’t crowded at all. This rally wasn’t driven by everyone piling in together.
Long accounts are at 59.63%, and large traders at 60.32%. It’s rare for these two groups to be on the same side; their disagreement is narrowing.
We’ll have to see how much support there is on the pullback. If no one steps in after the rise, the higher it gets, the harder it’ll be to move.
Is 3.5056 the top of this move?
My approach is to keep an eye on it, not chase this move.
I’m also watching the positions on $BTC and $ETH , waiting for them to show a direction first.
What do you all think? Let’s discuss in the comments.
#LIT #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data; it does not constitute investment advice.
Over 24 hours, it’s up 7.717%, moving from 3.1311 to 3.5056, with 62.52 million USDT in trading volume.
The price is at the 66.348th percentile of the 20-day range, from 2.5862 to 3.9163—in the upper third.
That’s not a low level.
What I’m watching is the open interest column: notional value rose 11.391% in a day, while the number of contracts rose just 3.766%.
It’s the same picture over four days: notional value up 10.358%, contract count up 5.694%.
It’s like opening the reservoir’s inlet one notch wider: the water level rises faster than the reservoir fills.
The market is only so big. The incoming money pushes prices up first; it’s only when it crowds the doorway that we start to see it.
Honestly, I had to check this structure twice before I believed it.
The funding rate is still languishing at 0.005%, and longs aren’t crowded at all. This rally wasn’t driven by everyone piling in together.
Long accounts are at 59.63%, and large traders at 60.32%. It’s rare for these two groups to be on the same side; their disagreement is narrowing.
We’ll have to see how much support there is on the pullback. If no one steps in after the rise, the higher it gets, the harder it’ll be to move.
Is 3.5056 the top of this move?
My approach is to keep an eye on it, not chase this move.
I’m also watching the positions on $BTC and $ETH , waiting for them to show a direction first.
What do you all think? Let’s discuss in the comments.
#LIT #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data; it does not constitute investment advice.
