The midnight post was still writing about MAGMA falling from 0.335 and climbing back to 0.321, saying not to chase it for now. Over the past two hours, it reached a new high of 0.339 on its own. Even more striking was BARD: around midnight it was still hovering near 0.087, then suddenly took off at 00:30, reaching 0.1306 at 01:45 and taking the top spot on the gainers list.
Leaderboard | Binance USDT-margined perpetuals, 24h percentage change (as of approximately 02:13 Beijing time; crypto assets only, trading volume ≥ 5 million USDT)
Top three gainers:
$BARD up approximately 49%, current price ~0.125. It was still at 0.087 around midnight, started climbing at 00:30, and traded about 49 million USDT in the hour starting at 01:00. It reached a daily high of 0.1306 at 01:45.
$MAGMA up approximately 25%, current price ~0.337. It was at 0.321 around midnight, passed yesterday’s 0.335 at 01:15, and reached a daily high of 0.33942 at 02:05.
DODOX up approximately 21%, current price ~0.0282. It only started moving up from 0.0236 at 23:30, reached a daily high of 0.028387 at 02:00, and traded about 18.5 million USDT. PLAY is at ~0.00783, up approximately 20% over 24h. It reached another daily high of 0.00790 at 01:45, ranking fourth.
Top three losers:
$JCT down approximately 55%, current price ~0.00228. The midnight post mentioned a new low of 0.002613; it plunged to 0.00223 at 00:30, then hit 0.002206 again at 01:45.
ARIA down approximately 33%, current price ~0.174. It plunged to 0.110 at 22:45, reached 0.183 after midnight, then fell to 0.144 before recovering to 0.174.
AIN down approximately 24%, current price ~0.095. The 22:15 candle plunged from 0.101 to 0.08444. INIT is down approximately 23%, current price ~0.111, and hit a new low of 0.10856 at 02:05.
The broader market right now: BTC is around 71920, down approximately 3.4% over 24h. The 23:00 low of 71218 is still holding; after midnight, it reached a high of 72194. ETH is around 2017, down approximately 3.4%; BNB is around 655, down approximately 4.8%. ERA has dropped out of the top three, with a current price of ~0.0875 and a 24h gain of only about 3%. AGT has been retreating ever since it climbed to 0.08678 at 23:00; it’s now ~0.067, down approximately 9% over 24h.
Smart-money signals I noticed (Binance Smart Money, large-trader long/short position ratio, OI, and funding rates; around 02:13. The average-price page is timestamped around 14:31, so these are not real-time P&L figures):
· BARD: Contracts rose from about 24.5 million around midnight to about 50.3 million, reaching about 52.3 million at 01:45. USD OI climbed from about 2.14 million to a peak of about 6.48 million. Around 02:00, large traders’ positions were about 49% net long, while accounts were about 55% net long. The 00:00 settlement was only -0.016%; the 04:00 estimate is about -1.29%. Shorting is extremely expensive at this rate, and the contract is trading at about a 2% discount to spot.
· MAGMA: Contracts rose from about 22.1 million around midnight to about 23.5 million. At 01:00, large traders’ positions were still about 55% net long. The 00:00 settlement was +0.030%; the 04:00 estimate is about +0.020%.
· DODOX: Contracts rose from about 152 million at 22:00 to about 186 million. Large traders’ positions were about 68% net long, while accounts were almost evenly split.
· JCT: Contracts rose from about 4.95 billion around midnight to about 5.07 billion. Large traders’ positions were about 57% net long, while accounts were still about 70% net long.
· PLAY: Contracts went from about 413 million to about 428 million. Accounts were about 79% net long, while positions were only about 57% net long.
Whale P&L snapshot (based on average prices publicly shown by Binance Smart Money; page timestamped around 14:31, unverified, and captured before BARD’s latest rally):
· BARD: 37 long whales, average price about 0.132, with the current price still below cost; 76 short whales, with positions about 4.5 times the size of the long positions and an average price of about 0.117.
· MAGMA: 47 long whales, average price about 0.304, with the current price above cost; 69 short whales, average price about 0.290.
· DODOX: 51 long whales, average price about 0.0234, with the current price above cost; 37 short whales, average price about 0.0255, of whom only 7 were in profit at the time.
· JCT: 57 long whales, average price about 0.00408, with the current price far below cost; only 3 were in profit at the time. There were 86 short whales, with an average price of about 0.00399.
The accompanying charts show funding rates for BARD, ERA, and INIT. BARD’s 00:00 settlement was -0.016%, while the 04:00 estimate jumped to about -1.29%, pushing the cost of holding shorts to an extreme level. ERA’s 00:00 settlement was -0.100%, with the 04:00 estimate at about -0.085%. INIT settles hourly: the 02:00 settlement was -0.071%, and the 03:00 estimate is about -0.081%. My take: BARD’s funding rate is already extreme, so I’m not chasing it. MAGMA has cleared 0.335, but I’m still not chasing a night session with consecutive rallies like this. JCT accounts are still tilted long and it just hit another low, so I’m not buying the dip right now. First, I’m watching to see whether BTC can hold 71218.
Not investment advice. Sources: Binance Futures API, Smart Money.
Leaderboard | Binance USDT-margined perpetuals, 24h percentage change (as of approximately 02:13 Beijing time; crypto assets only, trading volume ≥ 5 million USDT)
Top three gainers:
$BARD up approximately 49%, current price ~0.125. It was still at 0.087 around midnight, started climbing at 00:30, and traded about 49 million USDT in the hour starting at 01:00. It reached a daily high of 0.1306 at 01:45.
$MAGMA up approximately 25%, current price ~0.337. It was at 0.321 around midnight, passed yesterday’s 0.335 at 01:15, and reached a daily high of 0.33942 at 02:05.
DODOX up approximately 21%, current price ~0.0282. It only started moving up from 0.0236 at 23:30, reached a daily high of 0.028387 at 02:00, and traded about 18.5 million USDT. PLAY is at ~0.00783, up approximately 20% over 24h. It reached another daily high of 0.00790 at 01:45, ranking fourth.
Top three losers:
$JCT down approximately 55%, current price ~0.00228. The midnight post mentioned a new low of 0.002613; it plunged to 0.00223 at 00:30, then hit 0.002206 again at 01:45.
ARIA down approximately 33%, current price ~0.174. It plunged to 0.110 at 22:45, reached 0.183 after midnight, then fell to 0.144 before recovering to 0.174.
AIN down approximately 24%, current price ~0.095. The 22:15 candle plunged from 0.101 to 0.08444. INIT is down approximately 23%, current price ~0.111, and hit a new low of 0.10856 at 02:05.
The broader market right now: BTC is around 71920, down approximately 3.4% over 24h. The 23:00 low of 71218 is still holding; after midnight, it reached a high of 72194. ETH is around 2017, down approximately 3.4%; BNB is around 655, down approximately 4.8%. ERA has dropped out of the top three, with a current price of ~0.0875 and a 24h gain of only about 3%. AGT has been retreating ever since it climbed to 0.08678 at 23:00; it’s now ~0.067, down approximately 9% over 24h.
Smart-money signals I noticed (Binance Smart Money, large-trader long/short position ratio, OI, and funding rates; around 02:13. The average-price page is timestamped around 14:31, so these are not real-time P&L figures):
· BARD: Contracts rose from about 24.5 million around midnight to about 50.3 million, reaching about 52.3 million at 01:45. USD OI climbed from about 2.14 million to a peak of about 6.48 million. Around 02:00, large traders’ positions were about 49% net long, while accounts were about 55% net long. The 00:00 settlement was only -0.016%; the 04:00 estimate is about -1.29%. Shorting is extremely expensive at this rate, and the contract is trading at about a 2% discount to spot.
· MAGMA: Contracts rose from about 22.1 million around midnight to about 23.5 million. At 01:00, large traders’ positions were still about 55% net long. The 00:00 settlement was +0.030%; the 04:00 estimate is about +0.020%.
· DODOX: Contracts rose from about 152 million at 22:00 to about 186 million. Large traders’ positions were about 68% net long, while accounts were almost evenly split.
· JCT: Contracts rose from about 4.95 billion around midnight to about 5.07 billion. Large traders’ positions were about 57% net long, while accounts were still about 70% net long.
· PLAY: Contracts went from about 413 million to about 428 million. Accounts were about 79% net long, while positions were only about 57% net long.
Whale P&L snapshot (based on average prices publicly shown by Binance Smart Money; page timestamped around 14:31, unverified, and captured before BARD’s latest rally):
· BARD: 37 long whales, average price about 0.132, with the current price still below cost; 76 short whales, with positions about 4.5 times the size of the long positions and an average price of about 0.117.
· MAGMA: 47 long whales, average price about 0.304, with the current price above cost; 69 short whales, average price about 0.290.
· DODOX: 51 long whales, average price about 0.0234, with the current price above cost; 37 short whales, average price about 0.0255, of whom only 7 were in profit at the time.
· JCT: 57 long whales, average price about 0.00408, with the current price far below cost; only 3 were in profit at the time. There were 86 short whales, with an average price of about 0.00399.
The accompanying charts show funding rates for BARD, ERA, and INIT. BARD’s 00:00 settlement was -0.016%, while the 04:00 estimate jumped to about -1.29%, pushing the cost of holding shorts to an extreme level. ERA’s 00:00 settlement was -0.100%, with the 04:00 estimate at about -0.085%. INIT settles hourly: the 02:00 settlement was -0.071%, and the 03:00 estimate is about -0.081%. My take: BARD’s funding rate is already extreme, so I’m not chasing it. MAGMA has cleared 0.335, but I’m still not chasing a night session with consecutive rallies like this. JCT accounts are still tilted long and it just hit another low, so I’m not buying the dip right now. First, I’m watching to see whether BTC can hold 71218.
Not investment advice. Sources: Binance Futures API, Smart Money.
