Who’s paying: $AGT —the longs are paying funding fees, and the shorts are collecting. There you go.
Good morning. BTC is down 3.92% over the past day compared with this time yesterday, and the long switch is still off.
In first place, $AGT is up 2.09% over the past six hours compared with the previous six-hour period. Ooh~.
Open interest over the same period is down 6.45% from six hours ago.
In second place, $ARIA has pulled back over the past day.
In third place, $TA has risen over the same period.
I’m leaning bearish: a rebound as positions retreat makes more sense than fresh money taking the baton.
But large traders’ positions are more bullish than yesterday, hmm—so my bearish bias is only mild.
If the bulls treat the rebound as a baton pass, that’s like “a book-cover signing event after the pages have been pulled out.”
Today, watch both ends:
If it breaks below 0.0587, I’ll chalk this recovery up to a continuation of the weakness.
If it breaks above 0.0868, my bearish view is invalidated—I underestimated the rebound.
Which caption would you give this market move:
“2.09% is the echo of position-closing,”
or “2.09% is the prelude to a fresh baton pass”?
#AGT #Today’s Market
Data from Binance’s public market data; this is not investment advice.
Good morning. BTC is down 3.92% over the past day compared with this time yesterday, and the long switch is still off.
In first place, $AGT is up 2.09% over the past six hours compared with the previous six-hour period. Ooh~.
Open interest over the same period is down 6.45% from six hours ago.
In second place, $ARIA has pulled back over the past day.
In third place, $TA has risen over the same period.
I’m leaning bearish: a rebound as positions retreat makes more sense than fresh money taking the baton.
But large traders’ positions are more bullish than yesterday, hmm—so my bearish bias is only mild.
If the bulls treat the rebound as a baton pass, that’s like “a book-cover signing event after the pages have been pulled out.”
Today, watch both ends:
If it breaks below 0.0587, I’ll chalk this recovery up to a continuation of the weakness.
If it breaks above 0.0868, my bearish view is invalidated—I underestimated the rebound.
Which caption would you give this market move:
“2.09% is the echo of position-closing,”
or “2.09% is the prelude to a fresh baton pass”?
#AGT #Today’s Market
Data from Binance’s public market data; this is not investment advice.
