$BARD Early in the morning, open interest rose from around 24.54 million to around 62.36 million, while shorts were still paying a 1.65% funding rate. It’s best not to chase shorts for now.
At 00:00, the price was still around 0.087. At 00:30, roughly 4.43 million U pushed it up in five minutes. At 01:00, about 48.96 million U in hourly volume drove it to 0.1306. It hit a daily high of 0.1378 between 02:30 and 02:35, with about 29.84 million U in volume at 02:00. It then pulled back: around 4.36 million U in selling at 03:20 took it down to 0.1242, and it tested 0.1164 at 07:15—about 15% below the daily high. At 07:40, roughly 4.74 million U pushed it up to 0.1272, but it failed to break higher. It’s now around 0.122 (up about 48.0% over 24 hours, with roughly 188 million U in volume).
Open interest was around 24.54 million contracts at 00:00, had risen to about 41.13 million by 01:00, and is now around 62.36 million. It continued to rise during the pullback. Long positions account for about 50% of accounts, so the market isn’t crowded. The share of large-trader accounts fell from about 62% before the rally to around 46% at 06:00; large-trader positions are around 46%, a slight bearish tilt. The funding rate at the 04:00 settlement was -1.65%, and it’s currently around -0.71%. With funding settled every four hours, shorts are paying a steep cost. The price has just pulled back 15% from its daily high, but shorts are still paying, so the risk-reward of chasing shorts is only average. It’s best not to chase shorts for now. A high-volume break below 0.1164 accompanied by falling open interest would signal weakness. The short thesis would be invalidated only if the price holds above 0.1378 on high volume and contract counts start rising again.
#BARD持仓翻倍还在加 #ShortsPay1.65%FundingRate
At 00:00, the price was still around 0.087. At 00:30, roughly 4.43 million U pushed it up in five minutes. At 01:00, about 48.96 million U in hourly volume drove it to 0.1306. It hit a daily high of 0.1378 between 02:30 and 02:35, with about 29.84 million U in volume at 02:00. It then pulled back: around 4.36 million U in selling at 03:20 took it down to 0.1242, and it tested 0.1164 at 07:15—about 15% below the daily high. At 07:40, roughly 4.74 million U pushed it up to 0.1272, but it failed to break higher. It’s now around 0.122 (up about 48.0% over 24 hours, with roughly 188 million U in volume).
Open interest was around 24.54 million contracts at 00:00, had risen to about 41.13 million by 01:00, and is now around 62.36 million. It continued to rise during the pullback. Long positions account for about 50% of accounts, so the market isn’t crowded. The share of large-trader accounts fell from about 62% before the rally to around 46% at 06:00; large-trader positions are around 46%, a slight bearish tilt. The funding rate at the 04:00 settlement was -1.65%, and it’s currently around -0.71%. With funding settled every four hours, shorts are paying a steep cost. The price has just pulled back 15% from its daily high, but shorts are still paying, so the risk-reward of chasing shorts is only average. It’s best not to chase shorts for now. A high-volume break below 0.1164 accompanied by falling open interest would signal weakness. The short thesis would be invalidated only if the price holds above 0.1378 on high volume and contract counts start rising again.
#BARD持仓翻倍还在加 #ShortsPay1.65%FundingRate
