Urgent: HOT is trading at $0.0004107, with a neutral/mixed outlook and the funding rate expected to become more negative.
Fundamentals and positioning:
Key driver: The settled funding rate was -0.02%, meaning short positions are paying long positions. The forecast also puts the rate for the coming period at -0.02%, with expectations that it will become more negative.
Positioning: At the daily close, coin-denominated open interest was 10.08B HOT, down 15.66%, while the price fell 0.60%. The percentage of accounts holding long positions was 63.82%, and active buying reached 79.04%, compared with 29.36% for existing long positions. These readings do not confirm crowded positioning.
Trend and technical indicators:
Key levels: MA60 provides support at $0.0004038, which is 0.0000069 / 1.71% below the price. A break below this level would invalidate the scenario.
$HOT
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Fundamentals and positioning:
Key driver: The settled funding rate was -0.02%, meaning short positions are paying long positions. The forecast also puts the rate for the coming period at -0.02%, with expectations that it will become more negative.
Positioning: At the daily close, coin-denominated open interest was 10.08B HOT, down 15.66%, while the price fell 0.60%. The percentage of accounts holding long positions was 63.82%, and active buying reached 79.04%, compared with 29.36% for existing long positions. These readings do not confirm crowded positioning.
Trend and technical indicators:
Key levels: MA60 provides support at $0.0004038, which is 0.0000069 / 1.71% below the price. A break below this level would invalidate the scenario.
$HOT
#BinanceSquareFamily #BinanceVietnamSquare #bitcoin