$ARB The daily low has been retested twice without breaking, but the share of long accounts has fallen from about 58% to about 55%, so it’s too soon to rush into buying the dip.
At 06:00, about 5.61 million U initially moved lower. During the 07:00 hour, about 7.82 million U drove the price down from 0.154 to 0.15091. At 09:50, about 780,000 U probed the daily low of 0.14943. At 10:50, it bounced to 0.1522 on low volume; at 11:45, it retested 0.14975 without breaking below. It’s now around 0.150 (24h: about -8.6% / volume: about 76.8 million U). Open interest in contracts rose from about 247 million at 07:00 to about 255 million now, continuing to climb after the sell-off. The share of long accounts fell from about 58% at 08:00 to about 55%; large traders’ positions are about 55%, nearly even. The funding rate settled at -0.009% at 08:00, with a predicted rate of about -0.030%, so shorts are only paying a little per eight-hour period. Price is just at the daily low, long accounts are pulling back, and support has yet to be confirmed by a pickup in volume, so it’s too soon to rush into buying the dip. To confirm a bottom, look for a volume-backed recovery and a sustained hold above 0.1522. If it breaks below 0.14943 again on high volume while the contract count continues to rise, support has failed.
#ARB回踩日低没破 #The share of long accounts is declining
At 06:00, about 5.61 million U initially moved lower. During the 07:00 hour, about 7.82 million U drove the price down from 0.154 to 0.15091. At 09:50, about 780,000 U probed the daily low of 0.14943. At 10:50, it bounced to 0.1522 on low volume; at 11:45, it retested 0.14975 without breaking below. It’s now around 0.150 (24h: about -8.6% / volume: about 76.8 million U). Open interest in contracts rose from about 247 million at 07:00 to about 255 million now, continuing to climb after the sell-off. The share of long accounts fell from about 58% at 08:00 to about 55%; large traders’ positions are about 55%, nearly even. The funding rate settled at -0.009% at 08:00, with a predicted rate of about -0.030%, so shorts are only paying a little per eight-hour period. Price is just at the daily low, long accounts are pulling back, and support has yet to be confirmed by a pickup in volume, so it’s too soon to rush into buying the dip. To confirm a bottom, look for a volume-backed recovery and a sustained hold above 0.1522. If it breaks below 0.14943 again on high volume while the contract count continues to rise, support has failed.
#ARB回踩日低没破 #The share of long accounts is declining
