36% gain, but funding rate only 0.005%?

FLOCK rose 36.86% today, with trading volume surging to 136 million USD. A move of this size would usually push the funding rate above 0.1%, but right now the rate is almost zero.

What does that mean? This rally is mainly being driven by spot buying, not by heavily leveraged longs forcing it up. The hourly chart has closed green for three straight candles, and long positions account for 61%, so it’s still nowhere near euphoric levels.

A breakout from a low base + low funding rate + sustained volume expansion—this structure is worth tracking more than those pumps where funding rates are off the charts.

$FLOCK #低费率拉升 #36%
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