$BARD This candle reclaimed the 0.1361 level from the previous post, closing at 0.1398, 2.7% above it. But the contract market didn't move closer—instead, it pulled further away. The mark price was 0.1326, a 5.2% discount to spot, the widest reading in this series; the funding rate also widened from -1.08% to -1.87%, its most negative reading as well.
The split is clearer when you look at both sides separately: spot rose from 0.1261 at the time of the previous post to 0.1398, a gain of 10.9%; the mark price rose from 0.1227 to just 0.1326, or 8.1%. The discount widened not because contracts fell, but because spot moved faster.
Volume kept up, but the price didn't. 24-hour trading volume was 18.48 million USDT, up 16.3% from the time of the previous post; but this four-hour candle peaked at 0.1436, still 4.5% below the 0.1503 high.
So I read this as price clearing the hurdle, but costs not clearing it. To say both sides agree, we need to see a close above 0.1503 while the discount narrows at the same time; if this candle's low of 0.1299 breaks, the just-reclaimed 0.1361 was only a brief stopover.
#MarketAnalysis
The split is clearer when you look at both sides separately: spot rose from 0.1261 at the time of the previous post to 0.1398, a gain of 10.9%; the mark price rose from 0.1227 to just 0.1326, or 8.1%. The discount widened not because contracts fell, but because spot moved faster.
Volume kept up, but the price didn't. 24-hour trading volume was 18.48 million USDT, up 16.3% from the time of the previous post; but this four-hour candle peaked at 0.1436, still 4.5% below the 0.1503 high.
So I read this as price clearing the hurdle, but costs not clearing it. To say both sides agree, we need to see a close above 0.1503 while the discount narrows at the same time; if this candle's low of 0.1299 breaks, the just-reclaimed 0.1361 was only a brief stopover.
#MarketAnalysis
