I took a look around at the data and found something pretty interesting.
BTC funding rate is +0.0100%, ETH +0.0027%, but BNB is only +0.0008%. Yet when you check the distribution, BNB is at 59%, ETH at 34.7%, and BTC at 40.7%—BNB is the strongest among the three, yet has the lowest rate.
This doesn't make sense. Usually, when prices are strong, the funding rates should follow suit; the bulls should be paying the bears more. Right now, it’s the opposite—either the big players are hedging with other derivatives, or they just haven’t made their move yet.
I've been holding BNB with a cost basis of 280 for almost two years now; let's do the math—based on the current funding rate, I’m looking at an annualized return of barely 2%, which is even lower than my shop's profit margin. But with that 59% distribution sitting there, I gotta ask, what are the folks holding BNB really thinking? Are they waiting for 800 like me, or do they have something else planned?
BTC funding rate is +0.0100%, ETH +0.0027%, but BNB is only +0.0008%. Yet when you check the distribution, BNB is at 59%, ETH at 34.7%, and BTC at 40.7%—BNB is the strongest among the three, yet has the lowest rate.
This doesn't make sense. Usually, when prices are strong, the funding rates should follow suit; the bulls should be paying the bears more. Right now, it’s the opposite—either the big players are hedging with other derivatives, or they just haven’t made their move yet.
I've been holding BNB with a cost basis of 280 for almost two years now; let's do the math—based on the current funding rate, I’m looking at an annualized return of barely 2%, which is even lower than my shop's profit margin. But with that 59% distribution sitting there, I gotta ask, what are the folks holding BNB really thinking? Are they waiting for 800 like me, or do they have something else planned?