$XRP surged 3%, but the fee rate turned negative instead
Just finished sweeping the order book—something’s off.
Current price 1.5789, 24h still +3.0%. But funding rate fell from +0.0004% to -0.0002—turned negative.
While it’s going up, the funding rate turns negative? The shorts start gaining the upper hand, daring to press down.
Even weirder is the money. OI isn’t shrinking: 536.5M → 534.4M → 555.9M → 579.7M, stacking all the way to +8.1%. Real capital is flowing in—not a low-volume, endless grind down.
24h turnover $2519.3M, market cap $99.75B. There are 10 related news items being pushed, and Solana’s official confirmation that XRP has been deployed on its network. Hype is there—heat isn’t lacking. But direction hasn’t been set.
Here’s the flip-side: the books with negative funding aren’t shorts getting freebies. The more negative the fee rate is, the higher it pushes up the cost of short positions. With price hovering at 1.5789, once someone covers, shorts get pushed along by their costs.
Don’t rush to pick sides. Watch whether OI keeps increasing, and whether the funding rate flips back. Hold your leverage for now.
If the negative funding rate can turn positive, your liquidation price won’t be moved further back.
#XRP #币安 #Bitcoin
Just finished sweeping the order book—something’s off.
Current price 1.5789, 24h still +3.0%. But funding rate fell from +0.0004% to -0.0002—turned negative.
While it’s going up, the funding rate turns negative? The shorts start gaining the upper hand, daring to press down.
Even weirder is the money. OI isn’t shrinking: 536.5M → 534.4M → 555.9M → 579.7M, stacking all the way to +8.1%. Real capital is flowing in—not a low-volume, endless grind down.
24h turnover $2519.3M, market cap $99.75B. There are 10 related news items being pushed, and Solana’s official confirmation that XRP has been deployed on its network. Hype is there—heat isn’t lacking. But direction hasn’t been set.
Here’s the flip-side: the books with negative funding aren’t shorts getting freebies. The more negative the fee rate is, the higher it pushes up the cost of short positions. With price hovering at 1.5789, once someone covers, shorts get pushed along by their costs.
Don’t rush to pick sides. Watch whether OI keeps increasing, and whether the funding rate flips back. Hold your leverage for now.
If the negative funding rate can turn positive, your liquidation price won’t be moved further back.
#XRP #币安 #Bitcoin