What does a funding rate of 62.75% mean?
For holding 4, longs pay shorts nearly 0.008% per hour.
This kind of extreme rate usually appears at two moments: either a pullback is about to happen, or the trend is so strong that shorts dare not turn around.
In the past 24 hours, it has risen 51%, with trading volume of 264 million U, and the hourly chart has closed green consecutively.
The long/short ratio is 53% to 47%, which is not extremely crowded, indicating there is still room.
The key is whether it can hold the 0.032 support in the next 1-2 hours.
If it holds, the funding rate will gradually return to normal; if it fails, long-side liquidation will happen quickly.
$4 #资金费率预警 #51%
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For holding 4, longs pay shorts nearly 0.008% per hour.
This kind of extreme rate usually appears at two moments: either a pullback is about to happen, or the trend is so strong that shorts dare not turn around.
In the past 24 hours, it has risen 51%, with trading volume of 264 million U, and the hourly chart has closed green consecutively.
The long/short ratio is 53% to 47%, which is not extremely crowded, indicating there is still room.
The key is whether it can hold the 0.032 support in the next 1-2 hours.
If it holds, the funding rate will gradually return to normal; if it fails, long-side liquidation will happen quickly.
$4 #资金费率预警 #51%
Click the small card below to quickly view the market 👇
