Conclusion: In that one-hour window around noon, open interest suddenly jumped by half.
$PRL is Perle—
don’t confuse it with PEARL, which Coinbase is listing tomorrow.
The perpetual contract is around 0.075, up roughly 7.2% on the day.
High: 0.086; low: 0.068.
Trading volume is about 22.3 million U, and Binance has no spot market for it.
At 12:00, open interest was still around 20.7 million contracts.
By 13:00, it had jumped straight to around 31.5 million,
and peaked at around 33.8 million in the afternoon.
Notional value rose from about 1.53 million to 2.29 million U.
Long positions account for about 76% of accounts.
At 16:00, shorts paid about 0.22% for that 4-hour period;
the next period is estimated at around -0.25%.
I couldn’t find any new official announcements today.
For now, treat it as a battle of capital.
$PRL #Perle #Funding Rate
Personal opinion only; not investment advice
$PRL is Perle—
don’t confuse it with PEARL, which Coinbase is listing tomorrow.
The perpetual contract is around 0.075, up roughly 7.2% on the day.
High: 0.086; low: 0.068.
Trading volume is about 22.3 million U, and Binance has no spot market for it.
At 12:00, open interest was still around 20.7 million contracts.
By 13:00, it had jumped straight to around 31.5 million,
and peaked at around 33.8 million in the afternoon.
Notional value rose from about 1.53 million to 2.29 million U.
Long positions account for about 76% of accounts.
At 16:00, shorts paid about 0.22% for that 4-hour period;
the next period is estimated at around -0.25%.
I couldn’t find any new official announcements today.
For now, treat it as a battle of capital.
$PRL #Perle #Funding Rate
Personal opinion only; not investment advice