Behind the 60% increase, the funding rate has already risen to 0.058% — longs are starting to pay a premium.

The trend over the past 8 hours is very clear: price has been pushed from 0.0227 all the way to 0.0284, with trading volume piling up to 149 million U. Longs account for 58%, which is not yet extremely crowded, but the funding rate is a reminder: the cost of chasing higher prices is getting more expensive.

In this kind of market, the key is whether volume can keep following through. If volume shrinks, the pullback will come faster.

$4 #资金费率 #58% long
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