Among the batch, $BARD has surged the most today, and yet this is the one I’ve been paying less attention to.
24-hour gain: +46.253%.
Current price: 0.1249. The 20-day upper bound is 0.1278, putting it at the 93.95th percentile.
The average range of the past 14 daily candles was only 8.69 percentage points, and today’s bullish candle swallowed all the losses from the previous 10 days in one go.
Honestly, I watched that bullish candle just now for ten minutes and still didn’t dare jump in.
Open interest in contracts rose 65.75% in a day, and notional value rose 118.90%.
Contracts up 60%, money up more than 100%, with new positions piling in on the way up—this kind of combination is especially deceptive.
The shorts’ positions were squeezed out in a wave by this bullish candle, like the water at the bottom of a pot boiling away over a high flame.
Funding rate: -0.748446%, settled every eight hours, and shorts are still paying.
Liquidity at this level has already gotten thin. Push it up one more notch and profit-taking will kick in.
The market saw $40.29 million in turnover today, making it easier to get in and out than yesterday.
My guess is that we’ll get a period of sideways trading next, wearing down those who just chased in.
I’ll just watch for now.
What do you all think of this kind of move—surging upward even as the funding rate turns negative?
$BTC $ETH
#BARD #比特币 #cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
24-hour gain: +46.253%.
Current price: 0.1249. The 20-day upper bound is 0.1278, putting it at the 93.95th percentile.
The average range of the past 14 daily candles was only 8.69 percentage points, and today’s bullish candle swallowed all the losses from the previous 10 days in one go.
Honestly, I watched that bullish candle just now for ten minutes and still didn’t dare jump in.
Open interest in contracts rose 65.75% in a day, and notional value rose 118.90%.
Contracts up 60%, money up more than 100%, with new positions piling in on the way up—this kind of combination is especially deceptive.
The shorts’ positions were squeezed out in a wave by this bullish candle, like the water at the bottom of a pot boiling away over a high flame.
Funding rate: -0.748446%, settled every eight hours, and shorts are still paying.
Liquidity at this level has already gotten thin. Push it up one more notch and profit-taking will kick in.
The market saw $40.29 million in turnover today, making it easier to get in and out than yesterday.
My guess is that we’ll get a period of sideways trading next, wearing down those who just chased in.
I’ll just watch for now.
What do you all think of this kind of move—surging upward even as the funding rate turns negative?
$BTC $ETH
#BARD #比特币 #cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
