$BR turns over 511M USD a day and has no spot market.
BR +45.87%. Shorts pay 0.74% a day, on a four-hour funding interval. Contracts rose 2% in 24h, from 21.5M to 21.9M, flat against the move. Retail is 50.6% long, the 73rd percentile of its own 30-day range, above 50% on only 8 of the last 30 days. Top traders 54.7% long. No spot pair, and bids are 142k against asks of 176k USD within 1% of mid. Bigger side: longs, retail and top traders, both narrow. Two sides, does not resolve.
PHA +30.71%. Shorts pay 0.98% a day, the heaviest here. Contracts rose 50% in 24h, from 73M to 110M. Retail is 49.6% long, the 80th percentile of its own 30-day range, above 50% on only 5 of the last 30 days. Top traders 55.5% long. Spot is there and moved 31.90% on 17M USD. Bigger side: shorts on retail, longs on top traders, both narrow. Crowded and paying side: shorts.
ALT +14.98%. Longs pay 0.02% a day. Contracts rose 30% in 24h, from 770M to 1002M, the largest build here. Retail is 62.6% long, the 37th percentile of its own 30-day range, net long 30 of 30 days. Top traders 65.2% long. Spot is there and moved 15.06%. Taker selling outweighed buying on all 7 of the last 7 days. Bigger side: longs, retail and top traders. Crowded and paying side: longs.
GTC +14.36%. Shorts pay 0.27% a day. Contracts rose 5% in 24h, from 32.9M to 34.7M, the smallest build here. Retail is 48.2% long, the 23rd percentile of its own 30-day range, above 50% on 20 of the last 30 days. Top traders 45.4% long, the only reading below 50 here. Spot is there and moved 14.90% on 21M USD. Bigger side: shorts, retail and top traders, both narrow. Crowded and paying side: shorts.
NIL +14.51%. Shorts pay 0.03% a day. Contracts fell 6% in 24h, from 83.3M to 78.7M. Retail is 35.8% long, the 33rd percentile of its own 30-day range, above 50% on only 4 of the last 30 days. Top traders 54.1% long. Spot is there and moved 14.01%. Bigger side: shorts on retail, longs on top traders. Empty move, no fuel.
Which of these moves has spot behind it, in your read?
$GTC $PHA #Market_Update
BR +45.87%. Shorts pay 0.74% a day, on a four-hour funding interval. Contracts rose 2% in 24h, from 21.5M to 21.9M, flat against the move. Retail is 50.6% long, the 73rd percentile of its own 30-day range, above 50% on only 8 of the last 30 days. Top traders 54.7% long. No spot pair, and bids are 142k against asks of 176k USD within 1% of mid. Bigger side: longs, retail and top traders, both narrow. Two sides, does not resolve.
PHA +30.71%. Shorts pay 0.98% a day, the heaviest here. Contracts rose 50% in 24h, from 73M to 110M. Retail is 49.6% long, the 80th percentile of its own 30-day range, above 50% on only 5 of the last 30 days. Top traders 55.5% long. Spot is there and moved 31.90% on 17M USD. Bigger side: shorts on retail, longs on top traders, both narrow. Crowded and paying side: shorts.
ALT +14.98%. Longs pay 0.02% a day. Contracts rose 30% in 24h, from 770M to 1002M, the largest build here. Retail is 62.6% long, the 37th percentile of its own 30-day range, net long 30 of 30 days. Top traders 65.2% long. Spot is there and moved 15.06%. Taker selling outweighed buying on all 7 of the last 7 days. Bigger side: longs, retail and top traders. Crowded and paying side: longs.
GTC +14.36%. Shorts pay 0.27% a day. Contracts rose 5% in 24h, from 32.9M to 34.7M, the smallest build here. Retail is 48.2% long, the 23rd percentile of its own 30-day range, above 50% on 20 of the last 30 days. Top traders 45.4% long, the only reading below 50 here. Spot is there and moved 14.90% on 21M USD. Bigger side: shorts, retail and top traders, both narrow. Crowded and paying side: shorts.
NIL +14.51%. Shorts pay 0.03% a day. Contracts fell 6% in 24h, from 83.3M to 78.7M. Retail is 35.8% long, the 33rd percentile of its own 30-day range, above 50% on only 4 of the last 30 days. Top traders 54.1% long. Spot is there and moved 14.01%. Bigger side: shorts on retail, longs on top traders. Empty move, no fuel.
Which of these moves has spot behind it, in your read?
$GTC $PHA #Market_Update