Watch out for these two newly surfaced assets.
$BLESS 24h +6%, with 6.81 million USDT in open interest; up 17.5% over 30 days and 11.4% over 7 days, with a funding rate of 0.005%, close to zero. This looks like the big players are still quietly building positions and haven’t started pushing the price up yet—the kind I’d rather get in early on.
The other one is up 7.7% over 24h, with even higher open interest at 12.67 million USDT. But it’s already up 118.7% over 30 days. By my own rules (anything up over 100% in 30 days counts as having surged and is best avoided), it shouldn’t be on this list at all—the script let it through because its upper limit was set to 200%. Combined with a 42% drop over 7 days, it looks more like an oversold bounce plus short covering than a position being built.
Bottom line: keep the first one, avoid the second. Keep each trade under 5% of your total position, and exit immediately if it breaks below the range. #PerpetualFutures
$BLESS 24h +6%, with 6.81 million USDT in open interest; up 17.5% over 30 days and 11.4% over 7 days, with a funding rate of 0.005%, close to zero. This looks like the big players are still quietly building positions and haven’t started pushing the price up yet—the kind I’d rather get in early on.
The other one is up 7.7% over 24h, with even higher open interest at 12.67 million USDT. But it’s already up 118.7% over 30 days. By my own rules (anything up over 100% in 30 days counts as having surged and is best avoided), it shouldn’t be on this list at all—the script let it through because its upper limit was set to 200%. Combined with a 42% drop over 7 days, it looks more like an oversold bounce plus short covering than a position being built.
Bottom line: keep the first one, avoid the second. Keep each trade under 5% of your total position, and exit immediately if it breaks below the range. #PerpetualFutures