24 hours saw a nearly 40% plunge, yet the funding rate is strangely negative—what’s going on with BTR now?
The price was smashed from 0.074 down to 0.044. Trading volume of 260 million U isn’t small, but the most eye-catching part is the funding rate of -0.091%. What does that mean? Short sellers have to pay long buyers, yet the price is still falling.
Look at the long/short ratio too: 66% of people are long, while only 34% are short. Most participants are trying to bottom-pick, but the hourly candlesticks have been closing in the red consecutively, suggesting buy-side demand can’t absorb the sell pressure.
This kind of divergence usually leads to two outcomes: either the shorts get squeezed and drained by the funding rate and are forced to close, triggering a rebound, or longs’ confidence collapses and the selloff accelerates. I’ll wait for one hourly bullish candle to hold above 0.046 before reassessing.
$BTR #资金费率背离 #66% longs
Click the small card below to quickly check the market行情👇
The price was smashed from 0.074 down to 0.044. Trading volume of 260 million U isn’t small, but the most eye-catching part is the funding rate of -0.091%. What does that mean? Short sellers have to pay long buyers, yet the price is still falling.
Look at the long/short ratio too: 66% of people are long, while only 34% are short. Most participants are trying to bottom-pick, but the hourly candlesticks have been closing in the red consecutively, suggesting buy-side demand can’t absorb the sell pressure.
This kind of divergence usually leads to two outcomes: either the shorts get squeezed and drained by the funding rate and are forced to close, triggering a rebound, or longs’ confidence collapses and the selloff accelerates. I’ll wait for one hourly bullish candle to hold above 0.046 before reassessing.
$BTR #资金费率背离 #66% longs
Click the small card below to quickly check the market行情👇
