BTW Funding Rate -0.302% — What’s happening in the derivatives market?
I looked through the most actively traded Alpha coins in the futures market, and BTW’s position changes stood out, so here’s a closer look.
【BTW】24h -12.0%, OI 72.2M (24h -6%), funding rate -0.302%. Price and OI are both falling, suggesting longs are pulling out.
The long/short ratio by accounts is 0.86 and by positions is 0.76, so the two sides are fairly balanced. The taker buy/sell ratio over the past hour is 1.03—almost even.
What does this mean? The funding rate is negative, so shorts are paying. If the price pushes higher, short covering could amplify volatility.
Two more worth noting:
· PLAY 24h +39.5%｜OI 5.0M (+76%)｜funding rate +0.028%
The price is up 40%, and OI has climbed 76%—a clear sign that leveraged capital is driving this move.
· AGT 24h -28.8%｜OI 30.8M (-39%)｜funding rate +0.012%
Price and OI are both falling, suggesting longs are pulling out. Liquidations over 24h were about 1.3M, on both sides.
Compared with the previous update, BTW, PLAY, and AGT are the new additions.
When futures activity is high, traders on both sides can easily get liquidated. The point of looking at the data is to understand where the risks are, not to chase the move.
Which of these data points seems the most unusual to you?
#BinanceAlpha #合约数据 $BTW $PLAY $AGT
I looked through the most actively traded Alpha coins in the futures market, and BTW’s position changes stood out, so here’s a closer look.
【BTW】24h -12.0%, OI 72.2M (24h -6%), funding rate -0.302%. Price and OI are both falling, suggesting longs are pulling out.
The long/short ratio by accounts is 0.86 and by positions is 0.76, so the two sides are fairly balanced. The taker buy/sell ratio over the past hour is 1.03—almost even.
What does this mean? The funding rate is negative, so shorts are paying. If the price pushes higher, short covering could amplify volatility.
Two more worth noting:
· PLAY 24h +39.5%｜OI 5.0M (+76%)｜funding rate +0.028%
The price is up 40%, and OI has climbed 76%—a clear sign that leveraged capital is driving this move.
· AGT 24h -28.8%｜OI 30.8M (-39%)｜funding rate +0.012%
Price and OI are both falling, suggesting longs are pulling out. Liquidations over 24h were about 1.3M, on both sides.
Compared with the previous update, BTW, PLAY, and AGT are the new additions.
When futures activity is high, traders on both sides can easily get liquidated. The point of looking at the data is to understand where the risks are, not to chase the move.
Which of these data points seems the most unusual to you?
#BinanceAlpha #合约数据 $BTW $PLAY $AGT
