$ERA Reduced positions overnight first. Around 8.51 million U traded at 09:00, pushing up to yesterday’s high of 0.09285 but failing to break through. Shorts are still paying, so chasing shorts isn’t worthwhile.
Yesterday’s high of 0.09285 still holds. Overnight, the price climbed from around 0.082. OI contracts fell from about 80.95 million at 00:00 to around 76.59 million at 07:00. The 09:00 hour saw about 8.51 million U in volume; at 09:10, five-minute volume was around 1.51 million U as the price reached 0.09239 but failed to break yesterday’s high. At 09:45, it retraced to 0.08701; it’s now around 0.0890. Up about 14% over 24 hours, with roughly 101 million U in volume.
Positions were added back during the morning: around 85.30 million at 10:00, and about 84.90 million now. Longs account for around 57% of accounts, and large traders’ positions are around 52%—neither side is crowded. The 08:00 funding rate settled at -0.082%, with a projected rate of around -0.213%. Funding is settled every four hours, and shorts have been paying since last night, when the rate was -0.427%. The price just tested the level and failed to break through, while shorts are still paying, so chasing shorts offers only mediocre risk-reward.
A shift to weakness would be signaled by a high-volume break below 0.08701 accompanied by a drop in open interest. A high-volume hold above 0.09285, with the funding rate no longer negative, would invalidate the short thesis. Yesterday’s high held this time—how much longer will shorts have to keep paying?
#隔夜减仓后加回 #ShortsAreStillPaying
Yesterday’s high of 0.09285 still holds. Overnight, the price climbed from around 0.082. OI contracts fell from about 80.95 million at 00:00 to around 76.59 million at 07:00. The 09:00 hour saw about 8.51 million U in volume; at 09:10, five-minute volume was around 1.51 million U as the price reached 0.09239 but failed to break yesterday’s high. At 09:45, it retraced to 0.08701; it’s now around 0.0890. Up about 14% over 24 hours, with roughly 101 million U in volume.
Positions were added back during the morning: around 85.30 million at 10:00, and about 84.90 million now. Longs account for around 57% of accounts, and large traders’ positions are around 52%—neither side is crowded. The 08:00 funding rate settled at -0.082%, with a projected rate of around -0.213%. Funding is settled every four hours, and shorts have been paying since last night, when the rate was -0.427%. The price just tested the level and failed to break through, while shorts are still paying, so chasing shorts offers only mediocre risk-reward.
A shift to weakness would be signaled by a high-volume break below 0.08701 accompanied by a drop in open interest. A high-volume hold above 0.09285, with the funding rate no longer negative, would invalidate the short thesis. Yesterday’s high held this time—how much longer will shorts have to keep paying?
#隔夜减仓后加回 #ShortsAreStillPaying
