I’ve been on-chain tracking for ten years, and this data looks kind of interesting. The BTC and ETH funding rates are almost perfectly flat, and the long/short ratio is also hovering in the 1.3–1.5 range—a typical “stalemate” situation. Don’t be misled by that slightly long-leaning account’s ratio. The trade-fill buy/sell ratios are only 0.73 and 0.63, which suggests that while the sellers aren’t dumping, their willingness to proactively buy is clearly lacking; the longs have a bit of “talking but not acting” emptiness.
On the other hand, SOL’s funding rate has pushed up to 0.0100%, and the long/short ratio is approaching 2—this is the real hotspot. While the buy/sell fill ratio still favors the seller, the price has managed a small uptick, which indicates strong buy support and that capital is quietly flowing back. BNB is the same old story: steady enough to make you want to fall asleep. The long/short ratio at 1.98 looks bullish, but the funding rate hasn’t moved much—this is more like resistance during a grind lower.
Most importantly, it’s the increase in stablecoin supply. In the past 24 hours it rose by 690 million, and the total market cap is now above 312.21 billion. Even old retail traders know this: if “the bullets” don’t take the stage, the market is just playing games; once the bullets are on stage—even just a modest probe—it’s often a sign of a coming breakout. The current setup is: major coins are building momentum, leading alts (like SOL) are quietly accumulating, and purchasing power is being gathered. Don’t waste time guessing at those obscure “Show HN” posts—follow where the money is going. Do you think this stablecoin increase is the prelude to the main uptrend, or is the main force luring longs to distribute?
On the other hand, SOL’s funding rate has pushed up to 0.0100%, and the long/short ratio is approaching 2—this is the real hotspot. While the buy/sell fill ratio still favors the seller, the price has managed a small uptick, which indicates strong buy support and that capital is quietly flowing back. BNB is the same old story: steady enough to make you want to fall asleep. The long/short ratio at 1.98 looks bullish, but the funding rate hasn’t moved much—this is more like resistance during a grind lower.
Most importantly, it’s the increase in stablecoin supply. In the past 24 hours it rose by 690 million, and the total market cap is now above 312.21 billion. Even old retail traders know this: if “the bullets” don’t take the stage, the market is just playing games; once the bullets are on stage—even just a modest probe—it’s often a sign of a coming breakout. The current setup is: major coins are building momentum, leading alts (like SOL) are quietly accumulating, and purchasing power is being gathered. Don’t waste time guessing at those obscure “Show HN” posts—follow where the money is going. Do you think this stablecoin increase is the prelude to the main uptrend, or is the main force luring longs to distribute?