$MON The funding rate has started to bite
The funding rate has turned negative. This isn’t a warning—it’s happening now.
MON is currently at 0.02585, still up +3.4% over 24 hours. The price is rising, but the funding rate has slid from +0.0008% all the way to -0.0015%—on a rising asset, the shorts have somehow grabbed the microphone.
Now look at open interest: 30.0M, 30.4M, 32.2M, 32.8M. Step by step, it’s climbed a full +9.3%. Adding positions as the price rises suggests these aren’t just spectators—they’re putting real money in.
24h trading volume: $24.1M. People are watching this market.
How should you read a negative funding rate? Shorts are starting to gain the upper hand, but short positions aren’t free—the cost of holding them will rise. The more negative the rate, the more shorts pay with every passing candle.
If the price doesn’t fall, that bill keeps piling up on the shorts.
The direction isn’t clear yet. But the cost is already talking.
Risk warning: A negative funding rate doesn’t guarantee a rebound; it only means shorts are paying. The more leverage you use, the sooner that bill could force you out.
#MON #币安 #Bitcoin