27% surge, but the funding rate is negative—what does it mean?
Today, the行情 for $DEXE is a bit intriguing. The price jumped from 1.89 to 2.46, an increase of over 27%, with trading volume nearing $50 million. With such a strong rally, bulls should have been swimming in profits.
But the funding rate is -0.018%, negative.
This means that shorts are paying longs. In other words, during this pump, there are people in the market who don’t believe the move—they’ve been shorting and are even willing to pay the cost for it.
The long-to-short ratio is 63 to 37, so longs have the edge, but the shorts haven’t conceded.
Next, look at the candlesticks: over the last 8 hourly candles, volume suddenly spiked on the 6th and 7th, hitting 4.03 million and 7.19 million respectively—far above the average volume of the previous candles. Such a surge in volume is usually a sign of major players entering, not retail investors chasing the move.
What to watch now: will the shorts continue to hold their position, or will they be forced to stop out and close? If shorts cluster their exits, it could trigger another wave of missed-entry (shorts getting squeezed). If the price starts to stall around 2.3, that might only be a short-term pulse.
After a 27% rise, a negative funding rate is itself a contradictory signal worth paying attention to.
$DEXE #负资金费率 #27% surge behind the scenes
Click the small card below to quickly check the行情👇
Today, the行情 for $DEXE is a bit intriguing. The price jumped from 1.89 to 2.46, an increase of over 27%, with trading volume nearing $50 million. With such a strong rally, bulls should have been swimming in profits.
But the funding rate is -0.018%, negative.
This means that shorts are paying longs. In other words, during this pump, there are people in the market who don’t believe the move—they’ve been shorting and are even willing to pay the cost for it.
The long-to-short ratio is 63 to 37, so longs have the edge, but the shorts haven’t conceded.
Next, look at the candlesticks: over the last 8 hourly candles, volume suddenly spiked on the 6th and 7th, hitting 4.03 million and 7.19 million respectively—far above the average volume of the previous candles. Such a surge in volume is usually a sign of major players entering, not retail investors chasing the move.
What to watch now: will the shorts continue to hold their position, or will they be forced to stop out and close? If shorts cluster their exits, it could trigger another wave of missed-entry (shorts getting squeezed). If the price starts to stall around 2.3, that might only be a short-term pulse.
After a 27% rise, a negative funding rate is itself a contradictory signal worth paying attention to.
$DEXE #负资金费率 #27% surge behind the scenes
Click the small card below to quickly check the行情👇
