$SAHARA Today up 6%, contract volume at 36.5 million, while spot is only 11.9 million.
The contracts are trading at 3x the spot volume, funding rate at +0.005%, with open positions just over 600 million.
This structure doesn’t look like spot funds are pushing it; it feels more like contracts are leveraging to pull it up. The low funding rate indicates that the bulls haven’t fully squeezed yet, but with 230,000 trades pushing a 6% increase, the average trade size is pretty small—retail traders are chasing, not big players building positions.
I don’t have any positions. This kind of contract-driven move with spot isn’t a good risk-reward ratio to chase into.
$SAHARA #Binance #Crypto
The contracts are trading at 3x the spot volume, funding rate at +0.005%, with open positions just over 600 million.
This structure doesn’t look like spot funds are pushing it; it feels more like contracts are leveraging to pull it up. The low funding rate indicates that the bulls haven’t fully squeezed yet, but with 230,000 trades pushing a 6% increase, the average trade size is pretty small—retail traders are chasing, not big players building positions.
I don’t have any positions. This kind of contract-driven move with spot isn’t a good risk-reward ratio to chase into.
$SAHARA #Binance #Crypto