$ANKR On the day, it fell 12.58%, but the funding rate dropped to -0.3839%—it doesn’t look like the shorts are “throwing money” on funding rates; it’s simply that the spot market got sold off and dragged prices down.
Trading volume surged to 7.6 billion in turnover. Price was pushed from 0.004698 down to 0.004077 without any strong rebound, suggesting sell pressure has not been fully cleared yet. 0.004000 is a psychological integer level; if it breaks, watch for 0.003800. If it holds, first look at whether it can reclaim 0.004300.
Stop loss: 0.003750. First target: 0.004700—risk 1 unit to aim for 2.4 units back.
With it down like this, the funding rate still hasn’t continued to be driven lower—are the shorts also hesitating?
#ANKR
Trading volume surged to 7.6 billion in turnover. Price was pushed from 0.004698 down to 0.004077 without any strong rebound, suggesting sell pressure has not been fully cleared yet. 0.004000 is a psychological integer level; if it breaks, watch for 0.003800. If it holds, first look at whether it can reclaim 0.004300.
Stop loss: 0.003750. First target: 0.004700—risk 1 unit to aim for 2.4 units back.
With it down like this, the funding rate still hasn’t continued to be driven lower—are the shorts also hesitating?
#ANKR