66% one-day increase, but the truly noteworthy thing is that the funding rate has already surged to 0.0627%.
This means the cost for longs borrowing money to buy coins is rising rapidly. Over the past 6 hours, candles have closed green continuously, with the last one showing a clear surge in volume. The price has risen from 0.0185 to the current 0.0313, nearly doubling.
The long-to-short position ratio is 52% to 48%, which is not extremely crowded, but the funding rate is already signaling that those chasing higher prices are starting to pay interest.
This kind of move is common during a short-term sentiment acceleration phase. Going forward, it will either continue squeezing shorts, or pull back for turnover before the funding rate comes down.
$4 #资金费率预警 #66%
Click the card below to quickly view the market👇
This means the cost for longs borrowing money to buy coins is rising rapidly. Over the past 6 hours, candles have closed green continuously, with the last one showing a clear surge in volume. The price has risen from 0.0185 to the current 0.0313, nearly doubling.
The long-to-short position ratio is 52% to 48%, which is not extremely crowded, but the funding rate is already signaling that those chasing higher prices are starting to pay interest.
This kind of move is common during a short-term sentiment acceleration phase. Going forward, it will either continue squeezing shorts, or pull back for turnover before the funding rate comes down.
$4 #资金费率预警 #66%
Click the card below to quickly view the market👇