$BULLA Down 36% in a day, yet open interest grew by 16 million coins. Who opened these new positions?
Yesterday evening it was still at 0.062. Today it slid all the way down, hitting 0.0363 at 21:00; now it’s around 0.040. The 20:00 candle first climbed to 0.0499, then the next hour plunged to a new low.
▪️ Open interest (coins): 108M→124M (+15%)
▪️ Long/short account ratio: 1.57→0.96
▪️ 4h funding rate: positive all day, 0.01%–0.056%
My take: price down, open interest up, and the account ratio below 1 suggest shorts are more likely adding new positions. But the funding rate never turned negative, so it’s hard to say shorts are crowded. I haven’t seen any related news.
The account ratio and funding rate are sending different signals. Which one do you trust more?
#BULLA #FundingRate
Yesterday evening it was still at 0.062. Today it slid all the way down, hitting 0.0363 at 21:00; now it’s around 0.040. The 20:00 candle first climbed to 0.0499, then the next hour plunged to a new low.
▪️ Open interest (coins): 108M→124M (+15%)
▪️ Long/short account ratio: 1.57→0.96
▪️ 4h funding rate: positive all day, 0.01%–0.056%
My take: price down, open interest up, and the account ratio below 1 suggest shorts are more likely adding new positions. But the funding rate never turned negative, so it’s hard to say shorts are crowded. I haven’t seen any related news.
The account ratio and funding rate are sending different signals. Which one do you trust more?
#BULLA #FundingRate