The funding rate flipped bearish first.
$HYPE is about 58.6, daily change +1.7%; the perpetual funding rate is about −0.0018%, and the long-side tax has already been fully unloaded.
Holdings are about 1.32 billion, daily notional about 255 million, density about 5.2— the position is still heavy, but taxes flipped first.
Price is still green; that doesn’t mean leverage is recovering.
Until the funding rate turns positive again and daily notional falls below 200 million, don’t write this page as “a repair.”
#HYPE永续 #费率翻空
$HYPE is about 58.6, daily change +1.7%; the perpetual funding rate is about −0.0018%, and the long-side tax has already been fully unloaded.
Holdings are about 1.32 billion, daily notional about 255 million, density about 5.2— the position is still heavy, but taxes flipped first.
Price is still green; that doesn’t mean leverage is recovering.
Until the funding rate turns positive again and daily notional falls below 200 million, don’t write this page as “a repair.”
#HYPE永续 #费率翻空