Funding rate flips negative—
$ONT shorts start paying
The funding rate has turned negative. -0.0005%—not zero, but negative.
Yesterday it was still +0.0003%. Today, shorts are paying for every second they hold.
Someone is adding to their position. Open interest has climbed from 2.6M to 2.8M, +9.0%—this isn’t a low-volume drift downward; real money is piling in.
But the price? 0.06214 USDT, still up 2.9% over 24h.
The rate has turned negative, short-side pressure is growing, and the tug-of-war between bulls and bears is intensifying. 24h trading volume is $6.1M, market cap is $62.2M, and spot trading pairs are available—there’s a way in and a way out.
Here’s the twist: the price is low, and the rate is negative. Shorts have the upper hand, but the cost of shorting is rising. Every funding interval means paying up again. If the price doesn’t fall and the rate doesn’t ease, who gets squeezed first?
This isn’t a guaranteed rebound. It’s a trap taking shape.
Watch the cost of holding positions, watch leverage, and wait for confirmation from the candles.
Risk reminder: the funding rate is a bill, not a signpost; get the direction wrong, and the cost adds up by the second.
#ONT #币安 #Bitcoin