$BEAT 🚨The rate has started to overheat: -1.01%. Let's analyze below:
1. Core conclusion
- Direction: Long
- Confidence: High
- Core logic: Negative funding rate (-1.01%) combined with a price surge of +52% in 24H far exceeding BTC/ETH and other major markets (the latter showing a downward trend), the total liquidation amount for shorts is significantly higher than for longs (almost 10 liquidations in 15m cycles for shorts about 29781 vs longs 17074), typical short squeeze fuel has accumulated.
2. Risk assessment
- Main risk: The price has quickly risen from the 24H low of 1.24 USDT to around 2.33 USDT, a short-term pullback or profit-taking may trigger a long squeeze; although the spot trading volume is high (derivatives 24H trading 1.371 billion USDT), if it cannot be maintained, it may easily turn into a trap for longs.
- Black swan check: No signs of project exit scams, exchange hacks, or other serious incidents, recent news and X discussions are focused on positive growth and market-driven listings.
3. Operational suggestions
- Suggested entry area: Current price around 2.33 USDT (if it pulls back to confirm support at 2.20-2.30, then re-enter)
- First take profit level: 2.50 USDT (recent 24H high, based on high volatility expectation +7% increase)
- Stop loss level: 2.20 USDT (entry price -5.6%, closely tied to key support for strict risk control)
(The figure shows the 15m liquidation chart)
