Victor_TWN

$GLMR The 0.013441 you were watching in the previous post—this round briefly pushed above it, topping out at 0.013683, but it didn’t hold. Current price: 0.012626 USDT, about 7.7% retracement from the high point, roughly back to the price level from the previous post.

Of the two directions mentioned in the previous post, neither played out this time. Downward, it also didn’t break below 0.011338 again; instead, the 4H low was lifted to 0.012404. Overall, the whole range has shifted up one step. The fee side also remains unchanged: after the settlement crossing 16:00 Taipei time, the readings still stayed at 0.0%, and the cost side still hasn’t picked a direction.

Short-term momentum has cooled off: over the last hour, it’s -0.61%. The 24H P&L slipped from near 50% down to +40.9%. Trading volume is about 16.98 million USDT, slightly higher than in the previous post.

Two verifiable points ahead: first, if it recovers 0.013683 and holds, then a further push upward can be considered. Second, if it falls back below the 4H low at 0.012404, then the cooling turns from consolidation into continued selling. The next funding rate settlement is at 00:00 Taipei time on Monday: the reading leaving 0.0% would mean the cost side has truly committed; if it continues to stay at 0.0%, the disagreement remains.

There’s also a bearish possibility: if the breakout up doesn’t hold and the fee rate keeps stuck at 0.0%, it could just be range consolidation after a sudden spike, with the real direction not yet chosen.

#Market analysis

$GLMR 24 Hours to write almost half, but the latest funding rate reading still stuck at 0.0%. The price side swings wildly up and down, yet the cost side gives it absolutely no love.

Recently, this 4H candle saw a sharp sell-off followed by a bounce: after dropping back to 0.011338, it climbed all the way up to 0.013441—its high-low range is nearly 20%; over the past hour, it’s up +5.48%. The current price is 0.012751 USDT, which means it has already given back about 5% from 0.013441. The 24H trading volume is about 15.09 million USDT.

Next, there are two verifiable points to watch: if 0.013441 is reclaimed and holds, then we can talk about starting another leg; if price falls back below the 0.011338 4H low, then the pullback will shift from consolidation into continued selling. The next funding rate settlement is at 16:00 Taipei time. Only then does the cost side really pick a side—staying at 0.0% means the divergence is still there.

Also keep a counterpoint in mind: with this 4H volatility being so huge, this round of rapid dump-then-rip could just be consolidation after a sudden surge, and the real direction may not have been chosen yet.

#Market Highlights

$MOVR The condition left in the previous post was: if it falls below 1.845, the entire advance can truly be considered retraced. After this round finished, it fell even further: the low was 1.673 and the current price is 1.818 USDT; measured from the 3.34 high of the 10/01 round, the maximum retracement is about 50%.

This 4H candle reached as high as 2.008, with an overall high-low range of about 20%.

The way it retraced was different from the way it was pushed up: during the advance phase, 24H trading volume once reached about 105 million USDT; in the previous post it was about 40.35 million; this round it is only about 19.22 million, shrinking each time. Funding rates, however, have remained the same throughout: +0.005% during the advance phase, now -0.0032%, staying close to the zero line all the way; in the whole round trip, the cost side has not chosen a side even once.

Next, two verifiable levels to watch: if it gets back above 1.845, this retracement can at least be said to have been held back for now; if 1.673 is broken again on the close, the decline will open another leg. The next funding rate settlement is at 04:00 Taipei time: only when the reading leaves the zero axis and clearly leans to one side can the cost side be said to have chosen a side for the first time.

There is another view to keep in mind: with volume shrinking all the way, this retracement may also be nearing its end; from 1.673, it has rebounded about 8.7%, but whether this is a stop in the decline or just a pause is still undecided.

#MarketAnalysis

$ONE After a full day, the book value is still up +16.7%, but the short-term window is already backing off: over the last four hours, the net change is -0.94%, and over the last hour, -2.58%. This 4H high-low range has swung more than 20%, from 0.00241 to 0.002944. The current price is 0.002533 USDT—about 14% below the high and about 5% above the low.

Even more worth remembering is the cost side: the funding rate has settled at -1.5172%, meaning the shorts are bearing funding costs at an extreme level. Price is being pushed higher, but the directions on both sides aren’t lining up.

Later, watch two verifiable signals: once it reclaims 0.00264—the one-hour high—only then can the cooling be considered as having been blocked. If it breaks back and closes past 0.002522—the one-hour low—then cooling will shift from pullback to further decline. The next funding rate settlement is at 00:00 Taipei time on Sunday: readings around -1.5% will converge, and only then does the cost side start to truly cool off. If it stays at this level, the divergence will keep widening.

Also keep the other possibility in mind: the one-hour low at 0.002522 hasn’t been broken yet, so this round of pullback could still just be consolidation after a sharp surge—the direction may not have been decisively chosen yet.

#Market Hotspots

$SAND In the previous post, it said that only after holding at 0.08271 could the writing continue. This round tapped up to 0.08396 and even crossed the previous 0.08271, but failed to hold. It turned back and fell below 0.07771 again, with the lowest point retreating to 0.07401. The current price is 0.07429 USDT, down about 9.3% from the previous post’s 0.08188. This 4H candle is about -8.7%. In the most recent hour, it has retreated another ~3.9%.

Fee rate-side, things have cooled off too: after the settlement that crossed Taipei time 16:00, the reading tightened from around -1.2% down to -0.417%. The funding cost burden on the short side has eased by a large margin. The 24H trading volume is about 85.20 million USDT, a bit higher than the previous post. Both price and fee rate are retreating, but momentum/volume has not dropped yet.

Next, watch two verifiable points: if price can reclaim above 0.07771—only then does breaking down this time count as being properly held/blocked; and if the shared low at 0.07401 between the 1H and 4H candles is broken and closes again, then the pullback could open another leg downward. The next funding-rate settlement is at Taipei time Sunday 00:00: readings will continue converging toward the zero line, confirming the cooling off once more. If it swings back into the -1% side again, then this round would only have taken half a step.

On the downside, keep one more possibility: right after the low at 0.07401 was touched and before it is decisively broken on close, the pullback might only be giving back part of the sharp upswing—the real direction still hasn’t been definitively chosen.

#Market Analysis

$SAND The continuation after the previous post is finally out this round: 0.07225 wasn’t just recovered—it was directly pushed through. However, within the same round, the cost side chose the opposite direction.

On the price side, this 4H candle started from 0.06565 and the high at 0.08271 was printed within the most recent hour. The entire candle is +23.4%. The current price is 0.08107 USDT, which is noticeably higher than the range of 0.066 mentioned in the previous post. Over 24 hours, the book value has also climbed to +80.6%. The 24H trading volume is about 82.07 million USDT, roughly another 23% more than the previous post’s ~66.61 million—volume hasn’t fallen behind.

But the funding/fee side didn’t follow this direction: in the previous post, it had moved away from around -0.8%; this round indeed moved away, but it chose the even more negative side. The readout reached -1.244%. On the shorts side, the funding cost burden not only didn’t ease—it deepened further toward the extreme side. As the price opened a new leg, the divergence on the cost side widened again. Since the push began, this line hasn’t truly aligned with price.

After that, there are two verifiable points to watch: if 0.08271 is reclaimed and holds, then talking about opening another leg is on the table; if it falls back below 0.07771—the low of this one-hour window—then the short-term cooling will shift from pullback to continued selling. The next funding rate settlement is at 16:00 Taipei time. As the readout converges from -1.244%, the cost side will only be considered truly cooled off. If it stays at this level, divergence will keep expanding.

Also keep a bearish note: even if it only pulls back about 2% from 0.08271, it could still just be consolidation after a sharp surge. The previous post’s candle that spiked to 0.07225 also never really held. In this round, the high-low range of the 4H candle is about 26%. After making a new high, it’s still unclear whether it should push higher next or pull back first.

#Market Analysis

$SAND The 0.06605 watched in the previous post—this round is back on its way: current price 0.06635 USDT. During the session, it briefly surged to 0.07225, breaking above the previous post’s high of 0.07149—only it didn’t hold. It has since given back about 8% from the high. In the 24H account, +46.6%, with trading volume of roughly 59.7 million USDT, about 30% more than in the previous post.

On the funding rate side, there hasn’t been much movement this round: after the settlement that crossed 08:00 Taipei time, the reading stayed around -0.77%, almost the same as the previous post—no further convergence. Meanwhile, prices are moving, but the cost side is standing still; the two sides still aren’t lining up.

Next, there are two verifiable points to watch: reclaiming and holding above 0.07225—only then is it worth talking about continuing to write higher. If it falls back below 0.06411, which is this one-hour low, the cooling would shift from “retrace” into “continued decline.” The next funding rate settlement is at 16:00 Taipei time; once the reading leaves the -0.77% zone, the cost side would count as having truly chosen a direction.

Of course, an apparent increase in volume could just be the result of swings within this one-hour range. After returning above 0.06605, the direction hasn’t really been confirmed yet.

#Market analysis

$MOVR From the quote in the previous post: “Sell-off breaks down for 2.756, then continue the dip.” This round directly played out the whole move: pullbacks didn’t pause in the consolidation. It slid all the way from the 3.34 peak down to 1.92; the current price is 1.957 USDT, roughly 32% lower than the ~2.88 area mentioned in the prior post. Over the past 24 hours, the paper gain of about +65% flipped to -32.8%, with most of the advance from the 10/01 push unwound.

What’s even more worth remembering is the cost side was absent for nearly the entire time. Funding rates, which had clung to the advance period at around +0.005% for several rounds, gradually converged toward the zero line. This round’s reading is about -0.0007%. Throughout the whole back-and-forth in price, the funding rate never showed any clear tilt.

Now the price is only about 6% away from the key level from the 10/01 push—1.845. The 24H trading volume is about 40.6 million USDT, down about 60% from the ~105 million USDT in the previous post. This down-move didn’t attract significantly larger volume.

For what comes next, there are two things you can verify. First: if it gets back above 2.224—the 4H starting point—then the sell-off only becomes something to talk about after being blocked. Second: if 1.92—the shared low for both the 1H and 4H—gets decisively broken again, then the pullback would extend another leg toward the 1.845 area. Only when it breaks below that level can we say the entire push has truly been given back. The next funding-rate settlement is at 08:00 Taipei time: once the reading leaves the zero line, the cost side can be considered to have made its first clear statement for this whole back-and-forth.

There’s also the downside scenario. If volume doesn’t expand along with it, the pullback may just stop around the 1.845 area. But in the most recent hour it’s already fallen about -4.4%, and it only bounced back to just under 2% from 1.92. Momentum hasn’t been cleaned up yet; the direction hasn’t truly chosen itself.

#行情分析

$SAND Two lingering mysteries left in the previous post will be unveiled together this round—and both fall on the cooling side.

On the price side first: the current price is 0.0634 USDT. It has dropped back below the 0.06605 level that was watched in the previous post. This 4H cycle started from 0.07061, with the high only reaching 0.07149—about one notch below the previous post’s 0.0735. Then it pulled down to a low of 0.06066, for a whole segment decline of -10.2%. From 0.07081 in the previous post to now, the price has actually fallen by about 10.5%.

The funding-rate side is the same story: after the settlement around 00:00 Taipei time, the funding rate narrowed from around -2% to -0.783%. The funding cost borne by the short side has eased significantly. The previous post said the retreat would only really begin once the readings converged—that step has now been reached.

But this retreat hasn’t been even: both price and funding rate are backing off, yet the 24H trading volume is about 50.15 million USDT—actually about 50% higher than the ~32.93 million in the previous post.

Next, look at two verifiable points: first, reclaiming and holding above 0.06605—only if this time breaks back below that level can it be said to get blocked. Second, after a close below 0.06066, which is the shared low on both the 1H and 4H charts, any pullback would open another downward leg. The next funding-rate settlement will be at 08:00 Taipei time: the reading will continue converging toward the zero line, confirming the cooldown once more; if it deepens to below -1%, then the retreat is only “half a step,” i.e., an extreme situation.

There’s also the other side to keep in mind: over the last hour it turned positive (+0.97%), and bounced back about 4.5% from the 0.06066 low. This round of pullback might just be giving back part of the sharp earlier rally, and the direction still hasn’t truly been chosen. If the funding rate is converging from extreme levels, it could also simply be a pullback from the extreme—without meaning the downtrend is already firmly established.

#Market Analysis

$SAND Two things from the previous post: this round only waited for half of it. On the price side, the answer was given: 0.0616 was recovered, the intraday high reached 0.0735, and the current price is 0.07016 USDT—about 12% higher than the previous post’s 0.06259. The 24H trading volume is about 32.02 million USDT, more than twice the roughly 14.71 million from the previous post. The previous post said that the volume wasn’t thick; this round has now filled in the volume.

But on the fee/funding side, the other half of the answer wasn’t provided: the funding rate has deepened from the previous post’s -0.735% to -1.9961%. The funding cost borne by the short side is sitting at an even more extreme level. As price continues writing higher, the readings on the cost side are even more negative. The divergence between the two sides hasn’t narrowed—it’s actually widened.

Next, there are two verifiable points: reclaiming and holding 0.0735—then the continuation would count as starting another leg; if it drops back below 0.06605, which is the low of this one-hour window, then the short-term cooling would shift from a pullback to further selling. In Taipei time, at 00:00 on Saturday, the funding rate will settle again: once the reading converges from around -2%, the cost side can be considered to start cooling down. If it continues to deepen, the divergence will still keep expanding.

On the other hand, keep this in mind too: being about 4.5% off 0.0735 means the high–low gap of this 4H candle is over 20%. The pullback could extend for a while at any time—or it might just be consolidation after a sudden surge. The direction still hasn’t truly been chosen.

# Market Analysis

$SAND In the last four hours, it has been pushed from 0.04531 to around 0.059—over the entire move, +30.3%. In the past 24 hours, +35.8% was mostly made up by this segment. The high point, 0.0616, appeared within the last hour. The current price is 0.05917, about 4% off the high. In this last hour alone, the net increase is now only +2.1%.

Funding rate is -0.68%, meaning the short side is bearing extreme funding costs. The price has written three tenths over four hours, but the cost side hasn’t caught up. So far, this move is still being written out unilaterally by price. The 24H trading volume is about 13.65 million USDT; compared to this percentage increase, the volume isn’t that heavy.

On the price side, watch two lines: if 0.0616 is recovered and holds, then we can talk about further continuation. If it falls back below 0.05521, the low of the last hour, then cooling off would turn from a pullback into continued selling. The next funding-rate settlement is at 00:00 Taipei time on Saturday. The reading has clearly narrowed from -0.68%, and only then can the cost side be considered to have truly caught up. If it keeps staying negative, the divergence between price and the cost side will become even more obvious.

Also keep a counterpoint: the entire ~30% push is written within a single 4H candle. This roughly 4% pullback in front of us could also just be consolidation after a sudden surge—the direction may not have been fully chosen yet.

#Market Hotspots

$SCR In the recent four hours, it started from 0.02724, with the intraday high reaching 0.03779; the entire candle is +29.1%. Current price is 0.03519 USDT, up about 41.7% over the past 24 hours. The 24H trading volume is about 9.17 million USDT—compared with this rally, the volume isn’t particularly heavy.

The response on the cost side is more worth watching. The funding rate has stayed at -0.429%. The short side is still shouldering funding costs at extremely high levels; although the price has pushed up by nearly 30%, the cost side hasn’t kept up. So far, this move is essentially a one-sided price expansion.

Next, there are two points that can be verified: if 0.03779 is recovered and holds, then only after that can we talk about further continuation; if it falls back below 0.0334, this past one-hour low level, then the short-term cooling would shift from pullback to renewed selling. At 16:00 Taipei time there will be a funding rate settlement; once the reading leaves this negative range, the cost side will truly be considered to have caught up. If it continues to stay in negative territory, the divergence between price and the cost side will only become more obvious.

Also keep a counterpoint: from 0.03779 until now, it has already given back about 7%. The high-low spread of this 4H candle is close to 40%. With volatility this large, it could just be consolidation after a sharp surge—the direction still may not have truly been chosen.

#Market Hotspots

$GTC 24 Wrote about 78% in 4 hours. Current price is 0.16835 USDT. In the last four hours it’s still pushing higher: this 4H candle started from 0.14253, swept the range from 0.13719 to 0.184, and the full candle is up +18.1%; but in the last hour it’s down -4.68%, having given back about 8.5% from 0.184.

The 24H trading volume is about 13.73 million USDT. Compared with the nearly 80% surge, this volume isn’t that thick.

The cost side hasn’t caught up yet. The funding rate is still at -0.0176%, remaining on the negative side: the short side is still paying the funding cost. Over the day, the funding rate hasn’t flipped positive. So far, this move has been written out by price alone.

Next, look at two verifiable points: if 0.184 is recovered and holds, then it’s worth talking about continuing to extend. If it falls back below 0.163, which is the one-hour low, then the short-window cooling would shift from profit-taking to continued selling. At 16:00 Taipei time there will be a funding rate settlement; once the reading leaves the negative zone, the cost side would count as the first time it catches up to price.

Also keep this in mind on the other side: the high-low range of this 4H candle is over 30%. With volatility this large, the current pullback could simply be normal consolidation after a sharp rally—direction hasn’t truly been chosen yet.

#Market Hotspots

$MOVR The fee rate from the previous post finally changed after being stuck for several posts: from +0.005%, which had been glued in place for a while, it has now fallen to around +0.0007%. It did move, but the direction is converging toward the zero axis. Price also completed both a new high and a pullback in the same round: this 4H candle started at 3.181, swept the range from 2.756 to 3.34, and the high broke above the 3.09 noted in the previous post. It is currently at 2.905 USDT, with the whole candle at -8.6%, and has already retraced about 13% from 3.34. The 24-hour paper performance still shows +65%, and 24H trading volume is about 105 million USDT, roughly 20% higher than the previous post’s about 85.49 million. The new high, the pullback, and the easing fee rate all happened in the same round, and all are moving toward a pause.

The next two readings will confirm it. After the 08:00 Taipei time settlement, if the fee rate continues toward zero or even negative values, the cost side is no longer following; only if it jumps back to around +0.005% can it be considered sticky again. On the price side, only if 3.34 is regained and held can the post-new-high pullback be considered blocked; if 2.756, the shared low of the 4H and 1H, is broken on a closing basis, then the high-level consolidation turns into continued decline.

There is also a counterpoint: in the last hour it has only pulled back 0.65%, and after dipping below 2.756 it bounced back, which could just be a normal consolidation after a new high. The fee rate reading can still change before settlement, and only the 08:00 reading counts.

#MarketAnalysis

The issue left in the previous post about $QNT now has an answer: the funding rate has moved back from +0.01% to -0.047%, and that bullish stance on the cost side only lasted one round. Price has also recognized that shift: the current price is 259.92 USDT, 24 hours has flipped from +17.5% in the previous post to -14.8%, and this 4H move started at 274.11, currently -5.13%, with the intraday low at 255.24. From the 307.3 high, price has already retraced about 15%; 24H trading volume is about 130 million USDT, nearly 30% lower than the roughly 181 million in that previous round.

The past hour has stabilized for now: +1.16%, rebounding from 255.24 back to around 260. 255.24 is the shared low for both 1H and 4H; if it closes below that, the pullback shifts from a retracement into trend continuation. If price returns above 274.11, the starting point of this 4H move, then this decline can be considered temporarily contained. There is another funding rate settlement at 08:00 Taipei time: if it stays negative, the cost side is effectively endorsing the drop; if it flips back above zero, then that earlier statement really did only last one round.

Still, the short-term trend has not completely broken down yet: the last hour is positive, 255.24 has not been decisively broken, and the retracement since 307.3 may just be giving back the prior sharp rally rather than starting a new downtrend.

#marketanalysis

$ARK In the previous post, the 24-hour book balance was still +20.6%; this time it turned to -34.2%, and the current price is 0.2433 USDT. But these two figures don’t even start from the same point. In that previous post, the 24H starting price was about 0.247; this time it has already been shifted up to about 0.370—moved upward by nearly 50%. From the 0.298 recorded in the previous post to now, the price has actually dropped by about 18.4%. The gap between the book turning negative and this real drawdown is simply the window rolling back.

The direction indicated by the shorter windows is actually different. In the previous post, the 4H segment fell by 23.6%; this one is only -3.2%, with the last hour at -1.5%. The 24H trading volume is about 31.45 million USDT, which is about 12.2% less than the previous post’s roughly 35.86 million. It seems the most intense part of the selloff has passed, yet the book is only turning negative in this round.

On the cost side, it hasn’t cooled down yet: the funding rate is -0.434%, which is even more negative than the previous post’s -0.394%. The funding cost paid on the short side is still stuck at extreme levels. The next settlement is at 21:00 Taipei time; once the readings move out of this negative zone, the cost side can be said to start easing.

0.2424 is the shared low point for the 1H and 4H. Breaking below it and slowing down is just a brief pause in the middle. If it reclaims 0.2487—the one-hour high—then the rapid plunge can only be said to have been held off for now. Also, the other side matters: in the 24H figure, a substantial portion of that -34% comes from the starting point being shifted rather than the price continually stacking down by itself.

#Market Hotspots

$MOVR The high was written up to 2.493, pushing higher again from the previous post’s 2.345, but the short-term window hit the brakes first. This 4H wave started from 2.271; it’s currently at 2.418 USDT, with the 24-hour gain having climbed to about 89%. The 24H trading volume is roughly 64.45 million USDT. The level 2.345 that was watched in the previous post was let go once in the middle: the 4H low was 2.115, and the lowest in the recent hour was 2.321; afterward, they got it back again.

Momentum switching gears is what’s truly new this round. In the previous run, 4H was still about +17%, but this time it’s shrunk to +6.5%; in the latest hour alone, it has already flipped to -0.45%. The on-book 24H numbers are still being written higher, but the short-term window has slowed down first. From 2.493 to now, it has given back about 3%. Trading volume is up by about 15% compared to the previous post, and volume hasn’t backed off.

Fees haven’t had their say yet in this round: the latest reading is still at +0.005%, and the next settlement is at 16:00 Taipei time. Only once you move away from this number do costs count as catching up for the first time; if you stand still, the divergence will drag on for another round. The downside is also noted: 2.345 has already been touched once and reclaimed; if it’s let go again, this round’s recovery won’t count. It could also just be consolidation at the high end, with the direction not truly chosen yet.

#Market Analysis

$MOVR In the last four hours, it was pushed from 1.803 to 2.252, up +24.9%. Just move past the line from the previous post: “the direction hasn’t really been chosen yet.” Current price is 2.254 USDT, about 27% higher than 1.772 in the previous post. The 24-hour increase went from about 52.9% to about 87.7%, and the 24H trading volume is about 57.41 million USDT, roughly 20% higher than the previous post’s ~46.89 million. The level 1.845 that the last post was watching only counts as “continuing to write” after it’s recovered; this round directly stands above 2.254, leaving it behind by about 20%. Intraday high was 2.345.

But the cost side still hasn’t changed numbers. The funding rate settlement at 08:00 Taipei time has already passed. The latest reading is still stuck at +0.005%, exactly the same as in the previous post. Even after the price pushes again, the funding costs on neither side have moved even once—so far this move is still written out solely by price.

Next, there are two places you can verify: the next settlement is at 12:00 Taipei time. Only then will the rate leave +0.005% and the cost side will finally catch up for the first time; if it stays unchanged in place, the split will widen again. On the price side: if 2.345 is recovered and holds, then we can talk about continuing the momentum; if it falls back below 1.845, then this breakout gets returned. There’s also a counterpoint to keep in mind: from 2.345 to now 2.254, it has given back about 4%, and that 88% over 24H is also due to a significant portion of the window rolling back to the downside to prop it up.

#Market highlights