Before looking at $INIT , let’s check the funding rate first.
– Funding rate: -2.0000% (per interval)
– Mark price: $0.243500; spot price: $0.244330
– 24-hour change: +87.86%; volume multiple: 4.4x
A negative funding rate means shorts are paying longs. This structure typically appears when market sentiment is cautious, and the risk of a short squeeze shouldn’t be ignored.
In the short term, I’d first watch whether volume can keep pace with the price. Rallies on declining volume usually don’t last long.
If you’re also following this move, share how you set your stop-loss. That’s more worth discussing than the entry point.
The above reflects my personal market observations and notes. It is not investment advice or an offer to buy or sell anything. Please do your own research and manage your risk (DYOR).
– Funding rate: -2.0000% (per interval)
– Mark price: $0.243500; spot price: $0.244330
– 24-hour change: +87.86%; volume multiple: 4.4x
A negative funding rate means shorts are paying longs. This structure typically appears when market sentiment is cautious, and the risk of a short squeeze shouldn’t be ignored.
In the short term, I’d first watch whether volume can keep pace with the price. Rallies on declining volume usually don’t last long.
If you’re also following this move, share how you set your stop-loss. That’s more worth discussing than the entry point.
The above reflects my personal market observations and notes. It is not investment advice or an offer to buy or sell anything. Please do your own research and manage your risk (DYOR).
