$REZ rose 7.8%, and the shorts are still adding
Price is up—up 7.8%. The current price is 0.003394 USDT.
But the funding rate is being pushed down: -0.2062% has slid to -0.2183%.
It’s negative—and getting more negative.
When the market rises, someone is still opening short positions—this is suspicious.
Three lines collide at the same time:
On the news side: Bithumb lists Renzo (REZ). In the past, there have been 10 related news items, and media attention is relatively high.
On the funding-rate side: the negative funding rate continues to drop, strengthening the short side.
On the open-interest side: OI +13.6%, with path 2.2M > 2.1M > 2.2M > 2.5M—the last jump was the harshest.
In the past 24h, trading volume is $31.6M, and market cap is $32.6M.
The shorts are occupying more and more seats, but the rent for this table is being raised by them themselves.
This isn’t a low-volume, drifting down move—there’s real money placing bets on both sides. The long-vs-short battle is intensifying, and direction hasn’t been decided.
Only one conclusion: shorts are currently in control, but the negative funding-rate bill is being paid by the shorts themselves—the more negative it gets, the more expensive it becomes.
Don’t rush to take sides. Wait for one confirmation first—then look clearly at your own position cost and leverage.
The market cap is only $32.6M, and the order book is thin. One needle-like move can sweep out the stop losses on both the long and short sides at the same time.
#REZ #币安 #Bitcoin