G this wave is still accelerating, but the position size has not caught up. As per Binance public data at 13:47 (UTC+8), $G spot is quoted at 0.01403, up 76.92% over the past 24 hours; perpetual is at 0.014052, up 77.76%, with about 461 million USDT in trading volume over 24 hours.
In the latest complete 1-hour period, the perpetual moved from 0.012593 to 0.013004, a gain of 3.26%, with trading volume of about 23.62 million USDT, up 18.03% quarter-on-quarter; spot was up 3.48% over the same period, with trading volume increasing only 4.29%. Prices keep pushing higher; spot follows, but volume growth is weaker than perpetual.
⚠️ OI (open interest) fell 1.08% over one hour. In roughly 30 hours, it increased only 4.66%, clearly lagging behind the near-78% price surge. The most recent actual Funding rate was +0.0062%; the next round’s indicator turns to -0.0045%, and the funding/fee data does not suggest that long positioning is extremely crowded on one side—however, the OI decline also indicates that turnover at higher levels is accelerating.
If a pullback still holds above 0.01324, and both spot and perpetual trading volume continue to expand, there will be conditions to test 0.01435 again; if it breaks below 0.01188 while OI continues to shrink, first prepare for this rally to shift into rapid deleveraging.
In the latest complete 1-hour period, the perpetual moved from 0.012593 to 0.013004, a gain of 3.26%, with trading volume of about 23.62 million USDT, up 18.03% quarter-on-quarter; spot was up 3.48% over the same period, with trading volume increasing only 4.29%. Prices keep pushing higher; spot follows, but volume growth is weaker than perpetual.
⚠️ OI (open interest) fell 1.08% over one hour. In roughly 30 hours, it increased only 4.66%, clearly lagging behind the near-78% price surge. The most recent actual Funding rate was +0.0062%; the next round’s indicator turns to -0.0045%, and the funding/fee data does not suggest that long positioning is extremely crowded on one side—however, the OI decline also indicates that turnover at higher levels is accelerating.
If a pullback still holds above 0.01324, and both spot and perpetual trading volume continue to expand, there will be conditions to test 0.01435 again; if it breaks below 0.01188 while OI continues to shrink, first prepare for this rally to shift into rapid deleveraging.
