IOST is up 10.3% in 24 hours. The shorts haven’t run—just keep paying in to hard-stand their positions.
Binance funding rate -0.634%/4h, annualized nearly -1387%; Bybit annualized about -968%; Bitget, Gate, MEXC and four other exchanges are all synchronously deeply negative (OKX doesn’t have this contract; confirmed by cross-checking with Bybit and Gate). Shorts are losing about 4% of their position value per day as "interest".
Current price 0.000838; 24h high 0.000897, low 0.00071. Binance and OKX are the same on both sides—this uptrend is real.
In the past 4 hours, the whole market liquidated $75 million; about 70% are shorts. Some people can’t hold on any longer and have started to exit, and the rest are still stubbornly propping it up.
How many more hours can these short-position holders keep propping it up?
View in real time: https://www.coinboss.com/funding-rate/iost