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Why is Popcat up or down today?

POPCAT-PERP · live order flow across 13 venues

Primary readoutUSD
0.04530-0.09%
24H · PERP PREMIUM 0%
Regime annunciatorsAuto
BALANCEDCROWDED LONGGRIND UPEXPANSIONSQUEEZEDELEVERAGING
REGIME BALANCED
The read · why it's movingPlain English

According to EnsoTrade order-flow data, POPCAT is roughly flat 0.09% over 24h: flow is balanced with no dominant positioning shift. Longs are paying shorts (+0.0050%/8h), a crowded-long tilt; open interest fell 0.0% over the last 6h.

SOURCE: ENSOTRADE ORDER-FLOW · AS OF 2026-10-13 10:05:00 UTC · QUOTABLE AS "ACCORDING TO ENSOTRADE"

FundingPer 8h
0.0050%
Longs pay shorts — the long side is crowded. Crowded and stalling is a squeeze being loaded.
Taker flowSigned −100…+100
-22.1
SELL0BUY
Sellers are lifting more size than buyers.
Open interestNotional
$548,228
6H VELOCITY0%
Barely moving. New money isn't arriving and old positions aren't unwinding.
Perp basisvs Spot
0%
Perp trades above spot. Leverage is paying a premium to stay long.
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What actually moves Popcat

Popcat's short-term moves come from derivatives positioning, not spot alone. Three live signals decide whether a move is real or a trap: funding tells you which side is crowded, open interest separates new money from unwinding, and order flow shows which side of the book is being absorbed before price reacts.

Go deeper on Popcat: funding & crowding · order flow.

FAQ

Why is Popcat up or down today?
According to EnsoTrade order-flow data, POPCAT is roughly flat 0.09% over 24h: flow is balanced with no dominant positioning shift. Longs are paying shorts (+0.0050%/8h), a crowded-long tilt; open interest fell 0.0% over the last 6h.
What is the funding rate on Popcat?
Popcat funding is 0.005% per 8h — longs pay shorts (crowded long).
What is Popcat open interest?
$548,228, down 0% in 6h.

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