$BOME rate turns negative, with open interest surging by 19.5%
The funding rate dropped. But positions are actually increasing.
$BOME current price 0.000983, 24h +4.8%.
The funding rate fell from +0.0002% to -0.0006%. Negative.
Open interest: 8.3M → 7.9M → 9.0M → 10.0M. +19.5%.
This isn’t a slow bleed with no volume—real money is building positions.
24h trading volume $44.3M. Market cap $68.4M. Spot trading pairs are on.
News: 10 items are being pushed, and the headlines ask: Is Book of Memes (BOME) Dead? Media is asking whether it’s dead; money is still flowing in.
One-sentence takeaway: Shorts start gaining the upper hand, but the cost of holding short positions is rising; longs want a counter-push, but they need to first withstand the negative funding rate.
Watch your position cost. Don’t confuse leverage with position sizing.
A shift to a negative rate is never a bottom signal—it only serves to eliminate the group that can’t hold up under the costs.
#BOME #币安 #Bitcoin
The funding rate dropped. But positions are actually increasing.
$BOME current price 0.000983, 24h +4.8%.
The funding rate fell from +0.0002% to -0.0006%. Negative.
Open interest: 8.3M → 7.9M → 9.0M → 10.0M. +19.5%.
This isn’t a slow bleed with no volume—real money is building positions.
24h trading volume $44.3M. Market cap $68.4M. Spot trading pairs are on.
News: 10 items are being pushed, and the headlines ask: Is Book of Memes (BOME) Dead? Media is asking whether it’s dead; money is still flowing in.
One-sentence takeaway: Shorts start gaining the upper hand, but the cost of holding short positions is rising; longs want a counter-push, but they need to first withstand the negative funding rate.
Watch your position cost. Don’t confuse leverage with position sizing.
A shift to a negative rate is never a bottom signal—it only serves to eliminate the group that can’t hold up under the costs.
#BOME #币安 #Bitcoin