CYPH has fallen 15.47% over the past 24 hours, but the funding rate remains in the positive range at 0.00097. This price-down-and-fee-up structure is a classic signal that after long positions get trapped, they are still adding to them. The liquidation risk is building up. Every time the price dips lower, it squeezes that portion of the positions.
The strongest counter-evidence would be a sudden, concentrated long liquidation by shorts that triggers a sharp rebound. But the current on-chain structure shows that downside momentum has not weakened. With a positive funding rate, longs are still paying shorts every day. If the price continues to grind lower and the funding rate does not turn negative, a chain of long liquidations could occur.
Trading tag: #TradFi #链上美股 #CYPH
Where do you think this assessment is most likely to be wrong?
The strongest counter-evidence would be a sudden, concentrated long liquidation by shorts that triggers a sharp rebound. But the current on-chain structure shows that downside momentum has not weakened. With a positive funding rate, longs are still paying shorts every day. If the price continues to grind lower and the funding rate does not turn negative, a chain of long liquidations could occur.
Trading tag: #TradFi #链上美股 #CYPH
Where do you think this assessment is most likely to be wrong?