COINUSDT Holds Near $182.65 Pivot as Long Positioning Meets Net Selling

Binance’s COINUSDT stock perpetual held near its $182.65 daily pivot on Oct. 12 as long-heavy positioning contrasted with net selling in one-hour taker flow.

The contract traded at $182.46, $0.19 below the pivot, after moving between $180.83 and $184.67 over 24 hours. It was up 0.76% over 24 hours.

Open interest stood at 100,680 contracts, representing $17.87 million in notional value, down 1.61%. COINUSDT is a USDT-settled perpetual linked to Coinbase shares and trades continuously, unlike the underlying stock on Nasdaq.

At 6 a.m. ET (10:00 UTC), 69.9% of global Binance accounts were long and 30.1% were short, producing a 2.3234 long/short ratio. Among top-trader accounts, 75.9% were long and 24.1% were short, for a 3.1511 ratio.

One-hour taker flow at 6 a.m. ET (10:00 UTC) showed 3,542 sell contracts against 2,472 buy contracts, resulting in a 0.6978 buy/sell ratio. The eight-hour funding rate was 0.0001%.

Technical readings were mixed. The 14-period relative strength index was 47.73, while the MACD and signal lines were both -1.1995 and the MACD histogram was zero.

The immediate technical support level was $180.64. Resistance levels were identified at $184.48 and $184.84. These are technical-analysis markers rather than established market outcomes.

Falling open interest alongside a long-heavy account mix and net selling may indicate reduced exposure, but the data do not reveal traders’ motives or predict the contract’s next move.