HOOD slides 6.22%, now at $81.25, while Binance longs stack up

HOOD is limping. The contract on Binance Futures closed the latest read at $81.25, down 6.22% over 24 hours, after a wild swing between $87.52 and $75.64. Volume came in at $63.36 million, per Blockchain.News, and the price is still stuck well under every major moving average that matters.

The derivatives desk tells a friendlier story than the chart. Open interest sits at 148,627.44 contracts, worth $12,136,201, up 7.46% in a day — fresh positions are being built. Binance's global long/short ratio reads 1.8885, with 65.4% of accounts long against 34.6% short. Top-trader accounts skew even harder: 2.7965, or 73.7% long versus 26.3% short.

But aggressive sellers aren't backing off. The one-hour taker buy/sell ratio is 0.8660, with buy volume of 5,028 trailing sell volume of 5,806. Funding is dead flat at 0.0000%, so nobody's paying a premium to hold either side. Long exposure is piling up without price confirmation — a setup that can turn crowded fast.

Technically, the structure is still weak. HOOD sits below its 7-day SMA at $84.01, 20-day at $90.56, 50-day at $104.16, and 200-day at $97.81. Daily RSI is 33.94, MACD is -6.1835 with a flat histogram, and Stochastic %K/%D at 26.39/21.11. Price is hugging the lower Bollinger band at $77.73, with %B at 0.1373 and ATR(14) at $4.73 — enough daily range to punish sloppy entries.

The pivot to watch is $81.47, basically where price is now. Losing $75.42 opens the door to $69.59. Reclaiming $87.30 would be the first real sign buyers are back, and taking $90.56 — the 20-day SMA and middle Bollinger band — would do far more to fix the picture. Strong resistance sits at $93.35.

Separately, Truist Securities cut its Robinhood Markets price target on October 30, 2026, by $2, now at $123, while keeping a Buy rating. According to the supplied note, the trim ties to reduced revenue estimates for Robinhood Chain. That call covers the underlying stock, not the Binance Futures contract — two things sharing a ticker but trading on totally different mechanics.