Up 7%, yet the funding rate turned negative? Something’s off with
$NEO Up 7.0%—so why did the funding rate turn negative?
NEO is trading at 2.553 USDT, up 7.0% over 24h. The price is rising, but the funding rate has dropped from +0.0020% to -0.0006%. Who’s pushing the price down in the opposite direction?
Now look at open interest: 3.0M > 3.1M > 3.2M > 3.4M—climbing all the way, up 12.1%. It’s not unusual for people to add positions during a rally. But with the funding rate already negative and bearish pressure increasing, whose money is behind these new positions?
24h trading volume: $10.5M. Market cap: $257.5M. One thing to note: currently, only perpetual futures trading pairs are available. Trading activity is picking up, but the direction is still unclear—the battle between bulls and bears is intensifying.
The takeaway is simple: bears are starting to gain the upper hand, but the cost of holding short positions is rising. A modest increase in open interest isn’t a low-volume slide—it’s real money being put on the line.
Don’t rush to guess whether shorts will cover. Ask yourself first: how many sudden wicks can your leverage handle at this price?
Funding rates can change, but your position size won’t shrink on its own; liquidation won’t wait for your confirmation.
#NEO #币安 #Bitcoin