Conclusion first: PORTAL is up 30% in a day; all 10 perp funding rates are negative; shorts got liquidated and even paid extra.
Binance 4-hour funding rate: -0.49%, annualized -1072%. Bybit: -1.23%, annualized -2686%. Bitcoin is still the 11% benchmark. Negative funding means shorts pay longs.
0.01291 rose to 0.01754; current price is 0.01687. Holding 11.16 million, up 32.5%; Binance accounts for 44.6%.
In the past 24 hours, shorts got squeezed by 96k; shorts are 71.5%. In this hour alone, shorts got squeezed by 11k; longs by $7.
As it keeps rising, the squeeze gets tighter—holding through one day with three points.
$PORTAL $BTC
Are you willing to stand short?
Check in real time: https://www.coinboss.com/currencies/PORTAL