$VELVET that was being watched 7.7 hours ago is still in a tug-of-war: the funds haven’t pulled out, and the price hasn’t really pushed through.
The trigger: at launch, OI 24h was up +209.2%, funding rate was +0.0684%. Now OI has only edged up another 1.84% to 45.51M U, and the positions are still crowded inside.
In terms of actions, the trading volume increased from 525.9M U to 865.8M U. The Taker is still 1.07, but the price only moved from 1.3585 to 1.3589—almost spinning in place.
The market reaction is very straightforward: the 24h gain dropped from 160.95% to 94.21%, the funding rate fell to +0.0479%, and the share of retail long positions slipped from 38% to 31%. This isn’t a one-way confirmation—it's high-level turnover and continued battling. #Contract Recap
Generated with Claude Fable 5. AI may be wrong; information is for reference only.
The trigger: at launch, OI 24h was up +209.2%, funding rate was +0.0684%. Now OI has only edged up another 1.84% to 45.51M U, and the positions are still crowded inside.
In terms of actions, the trading volume increased from 525.9M U to 865.8M U. The Taker is still 1.07, but the price only moved from 1.3585 to 1.3589—almost spinning in place.
The market reaction is very straightforward: the 24h gain dropped from 160.95% to 94.21%, the funding rate fell to +0.0479%, and the share of retail long positions slipped from 38% to 31%. This isn’t a one-way confirmation—it's high-level turnover and continued battling. #Contract Recap
Generated with Claude Fable 5. AI may be wrong; information is for reference only.