27% plunge, yet the funding rate is negative at -0.072%?
AKE’s price action is pretty interesting. Within 8 hours, it was dumped straight from 0.0214 to 0.013. Trading volume surged to $268 million, but shorts have already reached 52%.
The most abnormal thing is the funding rate—a deep negative value means the cost of shorting is rising rapidly, and the risk of a short squeeze is building.
If this finds support here, there could be a quick rebound; but if it keeps breaking below 0.013, support below will be hard to find.
I’ll watch for signs of stabilization in the 0.013-0.014 range and won’t rush to buy the dip.
$AKE #资金费率预警 #27%crash
Click the card below to quickly check the market 👇
AKE’s price action is pretty interesting. Within 8 hours, it was dumped straight from 0.0214 to 0.013. Trading volume surged to $268 million, but shorts have already reached 52%.
The most abnormal thing is the funding rate—a deep negative value means the cost of shorting is rising rapidly, and the risk of a short squeeze is building.
If this finds support here, there could be a quick rebound; but if it keeps breaking below 0.013, support below will be hard to find.
I’ll watch for signs of stabilization in the 0.013-0.014 range and won’t rush to buy the dip.
$AKE #资金费率预警 #27%crash
Click the card below to quickly check the market 👇
