Shorts were paying to stay in $BERA , and the price was still around $0.093. At 04:00 UTC on Nov 15, Binance’s BERAUSDT perp settled funding at -0.1767%. The token had already slipped from roughly $0.114 the previous day.
Negative funding tells you who pays to hold the perp. It doesn’t tell you when shorts will have to cover. A break above the first rebound high on spot, with funding still negative, would make a squeeze more plausible.
Until then, collecting funding won’t help much if spot keeps sliding.
Negative funding tells you who pays to hold the perp. It doesn’t tell you when shorts will have to cover. A break above the first rebound high on spot, with funding still negative, would make a squeeze more plausible.
Until then, collecting funding won’t help much if spot keeps sliding.
