$BICO in the past 24 hours saw a surge of 40%. The price touched 0.0291, yet the current funding rate is still stuck at -0.36%. Do you understand this signal?
A negative funding rate means shorts dominate the market, continuously paying fees to longs. When the price is pumped sharply higher while shorts stubbornly hold their positions, this imbalance often triggers further short squeezes—shorts need to keep closing and exiting, which in turn continues to push the price up.
As an established Web3 infrastructure project, Biconomy has long focused on on-chain interactions and cross-bridge solutions. Does this sudden rally mean there’s a new story to be told?
#加密货币 #比特币 #altcoin
https://followin.io/zh-Hans/trendingTopic/11782
A negative funding rate means shorts dominate the market, continuously paying fees to longs. When the price is pumped sharply higher while shorts stubbornly hold their positions, this imbalance often triggers further short squeezes—shorts need to keep closing and exiting, which in turn continues to push the price up.
As an established Web3 infrastructure project, Biconomy has long focused on on-chain interactions and cross-bridge solutions. Does this sudden rally mean there’s a new story to be told?
#加密货币 #比特币 #altcoin
https://followin.io/zh-Hans/trendingTopic/11782