$WLD trades at 0.5322 after a 5.3 percent day, and unlike most moves this month it came with volume above its own average.
Spot turnover was 62.49M over the last 24 hours against a 30 day average of 50.66M, so 1.23x, spread across 565,931 trades. That level of participation has been missing from nearly every altcoin bounce this week.
The derivatives side moved harder. Open interest stood at 177.84M tokens at 16:00 UTC yesterday and reached 217.94M by 05:00 this morning, a 22.5 percent build in thirteen hours. In dollar terms it went from 90.08M to 118.25M. It has since eased back to 212.38M.
Funding flipped on the same clock. Four consecutive settlements printed negative between 00:00 on 18 October and 00:00 on 19 October, the deepest at minus 0.0135 percent. The last two both settled at 0.0100 percent, which is the cap. Longs went from being paid to paying the maximum inside a day.
Takers have not followed that build. The buy sell ratio printed 0.7326 at 05:00, 0.7864 at 07:00 and 0.7023 at 08:00, so the aggressive flow in the hours after the open interest peak was selling. The long short account ratio reads 1.6233, which is 62 accounts in 100 positioned long.
On the daily the trend is up and price is pressing 0.5473 from below. The strong low at 0.4565 has held since 10 October. The 0.6192 of 3 October sits 14.0 percent overhead and the 0.40 of 24 September is 33.1 percent below.
Rank 42, a 2.03B cap, and 22.5 percent more open interest than it carried yesterday afternoon.
Follow for the data behind the move, not the headline.
#worldcoin #ai #altcoin #crypto #bitcoin
Spot turnover was 62.49M over the last 24 hours against a 30 day average of 50.66M, so 1.23x, spread across 565,931 trades. That level of participation has been missing from nearly every altcoin bounce this week.
The derivatives side moved harder. Open interest stood at 177.84M tokens at 16:00 UTC yesterday and reached 217.94M by 05:00 this morning, a 22.5 percent build in thirteen hours. In dollar terms it went from 90.08M to 118.25M. It has since eased back to 212.38M.
Funding flipped on the same clock. Four consecutive settlements printed negative between 00:00 on 18 October and 00:00 on 19 October, the deepest at minus 0.0135 percent. The last two both settled at 0.0100 percent, which is the cap. Longs went from being paid to paying the maximum inside a day.
Takers have not followed that build. The buy sell ratio printed 0.7326 at 05:00, 0.7864 at 07:00 and 0.7023 at 08:00, so the aggressive flow in the hours after the open interest peak was selling. The long short account ratio reads 1.6233, which is 62 accounts in 100 positioned long.
On the daily the trend is up and price is pressing 0.5473 from below. The strong low at 0.4565 has held since 10 October. The 0.6192 of 3 October sits 14.0 percent overhead and the 0.40 of 24 September is 33.1 percent below.
Rank 42, a 2.03B cap, and 22.5 percent more open interest than it carried yesterday afternoon.
Follow for the data behind the move, not the headline.
#worldcoin #ai #altcoin #crypto #bitcoin