#BinanceTurns9 #币安九周年 9th anniversary, Binance has you. I arrived a bit late to the party, and today I finally cleared the Binance 9th anniversary event. Because a few days ago, I was unfortunately wrongly restricted, and I couldn’t register for the event 😭
I joined Binance and the crypto community in that scorching, fate-filled summer of 2021. The reason is very simple: my god, and my male idol #BinanceTurns9 #币安九周年 #币安9周年
#BinanceTurns9 Congratulations for Binance getting better and better; what if I only win 99.99 BNB—how am I going to spend it all? I really can’t spend it, and I’ve lost a few hundred thousand. Let me win a prize, please—please. Put option for storage, put option for AAVE, bullish on BTC
#binanceTurns #Binance9thAnniversary #BinanceTurns9 Wishing Binance gets better and better. I hope I win big prizes. In the future, I’ll buy US stocks, Hong Kong stocks, and virtual currencies too
#币安九周年庆典 #BinanceTorns9 Wishing Binance the best and may things get better and better. I hope the grand prize I pull will be amazing. From now on, wherever I buy US stocks, Hong Kong stocks, or virtual coins, it’s all here. Wishing you prosperity!
Last time, $ESPORTS —I hadn’t even remembered the name. Today it’s climbed to #3 on the contract/derivatives gainers leaderboard, so I went back to check where this coin even came from.
This kind of coin is the easiest to scam people like me.
The name has a bit of a theme, the price is low, and one bullish candle pops it up—right away the comment section starts inventing new stories in their heads.
But this time I took a look at the structure, and the “feel” is a bit different.
Right now, $ESPORTS is trading at $0.01875, up 30.30% in the last 24 hours, and contract volume has already reached $16.37 million.
The money definitely came in, but most of it isn’t the kind that slowly buys spot.
When I looked at the trade distribution, I could feel that the chasers prefer contracts even more—this kind of order flow drives the price up fast, and it turns around just as fast. I got buried by that momentum twice before.
Then look at the funding rate—it’s already at +0.1193%.
In plain human terms: the longs on this side are starting to actively pay money; the sentiment is getting a bit hot. It’s not that calm, quiet upward grind.
Open interest has also piled up to 490.6 million $ESPORTS.
Price is going up, and open interest is going up too. That means new positions are still being pushed in—not just shorts covering and calling it a day.
For this coin to make the leaderboard today, I think it’s more like momentum generated by sentiment and contract funding together. The theme is just the spark—the real thing pushing it higher is that someone is willing to keep chasing even with high funding rates.
And what I’m worried about is very straightforward.
As soon as spot can’t keep up, if someone on the contracts side starts closing positions, the K-line will flip fast. Low-priced coins are especially good at pulling this kind of move.
If you really want me to take a stance: I’m not chasing $ESPORTS right now. I’ll just wait for the funding rate to cool down, for open interest not to keep surging, and for the price to hold steady. Then I’ll consider dipping into a bit of spot.
If you can’t handle it, don’t get on the train. I’ve basically lost my way to this experience anyway.
$ESPORTS #加密货币 #BinanceSquare
The market flips faster than a book. Keep some reserves.
Because after the close of trading on Monday, the exchange will require margin, so many people sold other assets to supplement margin and wait for a rebound. Over the weekend, only cryptocurrencies could be freely bought and sold. On Monday, stocks will also fall, and Sunday is also bearish. $$$#
These days the Chinese meme coins are so strong... Yesterday I saw this thing on Douyin, reminded me of Lenovo's recent damn... Bought 10 U, now it's over a thousand dollars...
$JELLYJELLY The obvious dealer is accumulating positions... After several days of sideways movement, it started to surge. I made over 400U shorting this morning, and I am now holding on.
This high fee hedging, for example, shorting 1000U, finding a low point to go long 700U, the fees will decrease. Even if it drops, the profit just decreases, overall it is still positive EV.
稳住168
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Bearish
$TRADOOR I don't know how much longer I can hold on, this cost
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