$BAN dropped 16 points in a day, and the funding rate is still positive at +0.005%. With such a drop, the bulls haven't exited, and they're even paying to hold their positions—do you think it's faith or just stubbornness?
The drop concentrated in the morning surge, crashing from 0.092 straight to around 0.077. Volume increased but there wasn’t a panic sell-off cliff structure. This indicates that someone is buying in, but those buyers might just be left-side testing their positions, not a reversal signal. The positive rate but low magnitude shows the balance between bulls and bears hasn’t completely shifted; it's just that the bulls are stuck and haven’t closed their positions, rather than actively attacking.
This kind of drop usually has two paths: either it trades sideways to wear down the bulls' patience until the funding rate turns negative for a rebound; or it dumps again to blow up those chasing the rally, clearing out floating positions first. Right now, the price is testing around 0.077 repeatedly; it hasn't stabilized above 0.08 yet, so no right-side signal has emerged.
I’m not rushing to catch the bottom, and I don’t recommend gambling on a rebound now. Waiting for the funding rate to flip negative or for the price to gain volume and settle above 0.085 would be wise. For the short-term traders, keep an eye on the 0.076 support; if it breaks, it could accelerate.
#BAN
The drop concentrated in the morning surge, crashing from 0.092 straight to around 0.077. Volume increased but there wasn’t a panic sell-off cliff structure. This indicates that someone is buying in, but those buyers might just be left-side testing their positions, not a reversal signal. The positive rate but low magnitude shows the balance between bulls and bears hasn’t completely shifted; it's just that the bulls are stuck and haven’t closed their positions, rather than actively attacking.
This kind of drop usually has two paths: either it trades sideways to wear down the bulls' patience until the funding rate turns negative for a rebound; or it dumps again to blow up those chasing the rally, clearing out floating positions first. Right now, the price is testing around 0.077 repeatedly; it hasn't stabilized above 0.08 yet, so no right-side signal has emerged.
I’m not rushing to catch the bottom, and I don’t recommend gambling on a rebound now. Waiting for the funding rate to flip negative or for the price to gain volume and settle above 0.085 would be wise. For the short-term traders, keep an eye on the 0.076 support; if it breaks, it could accelerate.
#BAN