$CYBER funding rate: -0.408%/4h, annualized -893%. Shorts pay longs every period, and the price is still falling.
· Open interest: $4.15 million, down 16.9% in 24h—positions are being closed, not added.
· Open interest/market cap: 25.6%; futures volume is about 12.5 times spot volume.
· Long/short account ratio: 0.81, meaning there are actually more short accounts.
CYBER is an L2 for social apps, providing developers with account abstraction and social protocols. Put simply, it’s foundational infrastructure for social dapps. It was featured on Binance Launchpool.
Funding rates have recovered somewhat from the deep negative levels of previous periods. Open interest is falling as positions are closed, which looks more like short sellers taking profits than new shorts entering. The fuel for a short squeeze is still there, but it needs a trigger. With open interest this thin, a single large order could skew the order book, and either side could get liquidated.
There’s an unlock on November 14, with most of it allocated to private investors and team advisors—mostly early holders. 61.1% is already in circulation, and FDV isn’t much higher than market cap, so there’s limited room for dilution. But any rebound will depend more on capital flows and positioning; no new catalysts have emerged in recent days.
#CYBER #资金费率 #wildcard coin