Behind the 64% surge, the funding rate has already spiked to 7.18%—what does that mean?

Today, BULLA has been pulled from 0.018 all the way to 0.044, and is now retracing to 0.0374.

Sustained strength over the past 8 hours, with trading volume hitting $167 million.

But note: the long position ratio is 51%, and the short side is 49%—they’re nearly even on both sides.

A funding rate this high suggests leveraged long traders are crowded; once a pullback happens, it could trigger a cascade of liquidations.

I’ve seen this scenario too many times—when sentiment is at its most euphoric, it’s often when risk is closest.

$BULLA #资金费率预警 #7.18%
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