Old Dog took a look at $ORCL . It’s up 8.662% in the past 24 hours, but the funding rate is stuck at zero. That combination is rare: the price has rallied hard, yet neither side is paying the other a cent, which suggests this move wasn’t driven by leveraged buying alone, but by existing capital rotating through the market.
Funding at zero usually means longs and shorts have reached a temporary balance at a key level; this is not a classic short squeeze. OI is sitting at 79963.21 and didn’t rise with price, further confirming this is an upward move driven by spot or low leverage, while the futures market hasn’t caught up with the sentiment yet.
Trading tags: #BinanceFutures #TradFi #USDⓈM #ORCL #ORCLUSDT $ORCL
Funding at zero usually means longs and shorts have reached a temporary balance at a key level; this is not a classic short squeeze. OI is sitting at 79963.21 and didn’t rise with price, further confirming this is an upward move driven by spot or low leverage, while the futures market hasn’t caught up with the sentiment yet.
Trading tags: #BinanceFutures #TradFi #USDⓈM #ORCL #ORCLUSDT $ORCL