$VELVET has rallied more than 80%, but the derivatives data suggests the move isn't over yet.
Price and Open Interest are rising together, confirming fresh positioning rather than a simple short-covering rally. Funding remains positive at 0.0348%, showing bullish sentiment without reaching extreme levels, while the Top Trader Ratio (1.52) continues to favor longs.
The liquidation heatmap now shows two key liquidity zones: 🔹 Above: 0.95 → 1.00 (short liquidity) 🔹 Below: 0.86 → 0.82 (long liquidity)
🟢 Bullish Scenario ▪ Trigger: Hold above 0.86 and reclaim 0.94 ▪ Targets: 0.98 → 1.00
🔴 Bearish Scenario ▪ Trigger: Lose 0.86 ▪ Targets: 0.82 → 0.75
Momentum remains bullish, but after an 80% rally, risk management matters more than chasing green candles. The next move will likely be decided by which liquidity pool gets swept first.
#Velvet #Openinterest #fundingrate #liquidity #BinanceSquareTalks
Price and Open Interest are rising together, confirming fresh positioning rather than a simple short-covering rally. Funding remains positive at 0.0348%, showing bullish sentiment without reaching extreme levels, while the Top Trader Ratio (1.52) continues to favor longs.
The liquidation heatmap now shows two key liquidity zones: 🔹 Above: 0.95 → 1.00 (short liquidity) 🔹 Below: 0.86 → 0.82 (long liquidity)
🟢 Bullish Scenario ▪ Trigger: Hold above 0.86 and reclaim 0.94 ▪ Targets: 0.98 → 1.00
🔴 Bearish Scenario ▪ Trigger: Lose 0.86 ▪ Targets: 0.82 → 0.75
Momentum remains bullish, but after an 80% rally, risk management matters more than chasing green candles. The next move will likely be decided by which liquidity pool gets swept first.
#Velvet #Openinterest #fundingrate #liquidity #BinanceSquareTalks