$TA The funding rate this period rose to 0.0219% from the previous period,
but open interest fell by 0.46% over the past six hours. Huh~.
A day ago, the long-to-short ratio was still 1.0825.
Now it’s down to 1.0149.
I lean bearish: higher costs and waning participation make more sense than a broad-based pickup in activity.
But longs still have a slight edge, hmm—this counterpoint keeps my bearish view to a mild lean.
If the bulls spin the expensive funding rate as a sign of excitement, I call that “sewing gold trim onto a shrinking sweater.”
The verdict comes down to these two levels:
If price falls below 0.103, the cooling-off explanation gets confirmation from price action.
If it breaks above 0.11, I’ll tear up this bearish page myself.
Which do you find more convincing: “1.0149 means things are cooling off” or “1.0149 still has some warmth left”?
#TA #Contract Data
Data from Binance public market feeds. Not investment advice.
but open interest fell by 0.46% over the past six hours. Huh~.
A day ago, the long-to-short ratio was still 1.0825.
Now it’s down to 1.0149.
I lean bearish: higher costs and waning participation make more sense than a broad-based pickup in activity.
But longs still have a slight edge, hmm—this counterpoint keeps my bearish view to a mild lean.
If the bulls spin the expensive funding rate as a sign of excitement, I call that “sewing gold trim onto a shrinking sweater.”
The verdict comes down to these two levels:
If price falls below 0.103, the cooling-off explanation gets confirmation from price action.
If it breaks above 0.11, I’ll tear up this bearish page myself.
Which do you find more convincing: “1.0149 means things are cooling off” or “1.0149 still has some warmth left”?
#TA #Contract Data
Data from Binance public market feeds. Not investment advice.
