$STEEM fee rates are already starting to bite
Just finished scanning the order book—something’s off.
STEEM’s current price is 0.06692, up +6.0% in the last 24h. It looks quite lively. But the fee rate is -0.1325%, down from -0.1319%. It has flipped negative, and it’s still moving lower.
The meaning is straightforward: the shorts are in control. But shorts don’t get it for free—their cost is starting to rise, and as you hold, you get bitten, all the way.
Even weirder is the OI. +10.4%. Break down the path: 2.3M, 2.4M, 2.2M, 2.5M. As the price moves upward, positions are still being added. In the last 24h, volume is $12.1M, while market cap is only $37.7M. This isn’t a low-volume, slow bleed—this is real money squeezing in.
The battle between longs and shorts is intensifying.
Hold on—flip it around.
At the 0.06692 level, the fee rate is still pushed into negative territory. The more shorts pile up, the tighter the cost gets as it bites harder. What is this called? A trap of negative fee rates at low levels. The conditions for short covering are being built—whether they can actually build up successfully is anyone’s guess. Over there in the news, 10 posts are watching it closely; the heat is not low.
Don’t rush to pick a side. First calculate your own position cost, then think about leverage.
Risk warning: negative fee rates can change. Short crowding doesn’t mean the price must fall.
#STEEM #币安 #Bitcoin
Just finished scanning the order book—something’s off.
STEEM’s current price is 0.06692, up +6.0% in the last 24h. It looks quite lively. But the fee rate is -0.1325%, down from -0.1319%. It has flipped negative, and it’s still moving lower.
The meaning is straightforward: the shorts are in control. But shorts don’t get it for free—their cost is starting to rise, and as you hold, you get bitten, all the way.
Even weirder is the OI. +10.4%. Break down the path: 2.3M, 2.4M, 2.2M, 2.5M. As the price moves upward, positions are still being added. In the last 24h, volume is $12.1M, while market cap is only $37.7M. This isn’t a low-volume, slow bleed—this is real money squeezing in.
The battle between longs and shorts is intensifying.
Hold on—flip it around.
At the 0.06692 level, the fee rate is still pushed into negative territory. The more shorts pile up, the tighter the cost gets as it bites harder. What is this called? A trap of negative fee rates at low levels. The conditions for short covering are being built—whether they can actually build up successfully is anyone’s guess. Over there in the news, 10 posts are watching it closely; the heat is not low.
Don’t rush to pick a side. First calculate your own position cost, then think about leverage.
Risk warning: negative fee rates can change. Short crowding doesn’t mean the price must fall.
#STEEM #币安 #Bitcoin