WHY's recent performance has indeed been impressive—yesterday to today, it surged by 60%. The price hit a high at 8 AM this morning, then started a correction. However, based on the current trend, the bottom of this correction has basically formed. The 1-hour chart is quite interesting; the candlesticks are continuously moving upward against the trend, which usually indicates that the buying momentum is still strong.
What’s even more noteworthy is the funding rate. It remains at a relatively high positive level, reflecting that large investors are still increasing leverage to go long. This is not a small move; it indicates that institutions or main players still have a strong bullish outlook. With both technical and funding indicators confirming, the probability of reaching new highs is genuinely increasing.
If the momentum can be maintained, the next breakout is quite likely. Of course, the market is always unpredictable, but based on the current chart performance, this level is definitely worth close attention.
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OnChainArchaeologist
· 01-12 16:20
60% direct surge? This pace is a bit intense, and the key is that the fee rate is still so high. Big players are really piling in crazily.
If the big players don't withdraw, just keep following. That's the logic.
Once the bottom is confirmed, it's time to get on board. Keep a close watch.
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NftMetaversePainter
· 01-12 02:25
actually the algorithmic beauty underlying this price action reminds me of generative hash value distributions... the funding rate mechanics here are essentially blockchain primitives displaying natural market topology, tbh
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SatsStacking
· 01-11 07:50
A 60% increase, this momentum is indeed a bit fierce, but don't get caught up in it.
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Are funding rates still staying high? Are the big players really bullish or just setting a trap?
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Is it time to go all in once the bottom is formed? I think I'll wait and see if there's a secondary confirmation.
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The 1-hour timeframe is moving against the trend, I've heard the word "support" quite a lot... The last time it was said like this, it also collapsed.
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Technical analysis + funding data sounds quite reliable, but who can guarantee there won't be a black swan?
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Is the probability of reaching a new high increasing? So there's still a chance it won't hit a new high, then I'll stay on the sidelines.
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This level definitely needs to be watched closely, but pouring real money in still requires some thought.
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Is the breakout likely? The word "likelihood" is used too broadly, I think there are still risks.
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TaxEvader
· 01-11 07:50
The 60% surge this time is truly impressive, but I just want to know if the big players are genuinely optimistic or if they're just harvesting profits again.
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MetaverseVagrant
· 01-11 07:43
A 60% surge, then a pullback—this is the daily routine in the crypto world.
Are the big players still leveraging up? I want to see how far they can go this time.
Breaking new highs is nothing special; the key is whether it can hold, and not plunge again.
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MetaEggplant
· 01-11 07:40
A 60% surge directly went to the top; remember not to chase high when it pulls back and drops.
WHY's recent performance has indeed been impressive—yesterday to today, it surged by 60%. The price hit a high at 8 AM this morning, then started a correction. However, based on the current trend, the bottom of this correction has basically formed. The 1-hour chart is quite interesting; the candlesticks are continuously moving upward against the trend, which usually indicates that the buying momentum is still strong.
What’s even more noteworthy is the funding rate. It remains at a relatively high positive level, reflecting that large investors are still increasing leverage to go long. This is not a small move; it indicates that institutions or main players still have a strong bullish outlook. With both technical and funding indicators confirming, the probability of reaching new highs is genuinely increasing.
If the momentum can be maintained, the next breakout is quite likely. Of course, the market is always unpredictable, but based on the current chart performance, this level is definitely worth close attention.