Behind the 30% price surge, the funding rate has already spiked to 0.029%—longs are going crazy with leverage.
Today, UAI moved from 0.5152 to 0.7733 with a trading volume of 200 million USDT, but note:
Although the trend has been overall bullish within the past 8 hours, the latest candlestick has pulled back from the high of 0.7733 to 0.7449.
More importantly, the long/short ratio is 43% longs vs 57% shorts, with retail traders shorting against the trend.
This combination of “price rising + funding positive + retail shorts” is often a sign that a squeeze rally may be coming.
If the funding rate continues to rise, there could be a quick spike upward to liquidate the shorts.
$UAI #资金费率预警 #30%涨幅
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