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3.7 hours ago, the $BICO that was watched was still pulling back.
The price went from 0.04225 to 0.04264, an increase of only 0.92%.
But the 24H increase expanded from 62.38% to 70.22%, indicating that the high level hasn't collapsed, nor has it continued to surge unilaterally.
Open interest (OI) went from $10.76M to $10.84M, an increase of only 0.74%.
The 24H OI is still +186.6%, indicating positions are still in the market, but the rate of new positions is lower than the initial +271.1%.
Funding rate narrowed from -0.1718% to -0.1443%.
It still shows four consecutive periods of short sellers paying, with the squeeze feeling not gone, but the pressure from shorts hasn't increased further.
Taker from 0.99 to 1.08, indicating active buy orders are slightly dominant.
The conclusion is straightforward: $BICO is not a realization, nor is it extinguishing, but a high-level pullback.
The core meaning is that the enthusiasm is still there, but not yet confirmed strongly enough.
This kind of market is more afraid of false breakouts and whipsaws; the trading implication is to first observe whether the structure continues to increase volume to give direction.
#BICO
Generated using the Claude Fable 5 model. Claude is AI and can make mistakes. Please double-check responses.