ARC/USDT:USDT
ARC is showing a distinct bearish divergence between its catastrophic price drop (-73.34%) and a positive funding rate (0.0235% to 0.0327%). This suggests that retail traders are attempting to 'catch the falling knife' by entering long positions, creating a liquidation pool. With RSI at 21.9, a dead-cat bounce is possible, but the positive funding in a crash environment implies further downside as longs get flushed out.
Detailed Analysis
Price down 73% while funding remains positive (0.02%-0.06%) and RSI is oversold at 21.9.
Longs are paying shorts despite the crash, indicating heavy 'bottom-fishing' by retail.
Further downward pressure to flush out late long positions before any sustainable bottom.
A sudden shift to deeply negative funding or price recovery above the 1h MACD signal line.