TAO expanded from about +2.4% to about +6.5% within a few hours, and the funding rate also flipped from negative to positive. Many people would immediately take this “turning green” as a sentiment reversal, but the number itself is still very small.
At the 21:41 sample, TAO/USDT was about 241.9, and the funding rate was about -0.00595%; at 00:44, the price was about 250 and the funding rate about +0.00079%, with Binance spot 24h trading volume around $31.65 million.
A change in sign does not mean the position structure has already flipped. It only shows that the direction of long/short holding costs has crossed the zero line; in absolute terms, the new funding rate is still close to neutral. Reading “negative to positive” directly as a full return of leverage is mistaking a threshold event for an intensity event.
The more accurate description right now is: as the price accelerated, contract costs just returned to near-neutral. Only if OI, liquidations, and basis also show continuous changes would it be enough to rewrite the interpretation of participant structure.
Data: CoinGecko trending searches, Binance public spot 24h ticker and USD-margined perpetual premiumIndex, sampled at 2026-09-07 00:44 (Beijing time).$TAO #market structure
At the 21:41 sample, TAO/USDT was about 241.9, and the funding rate was about -0.00595%; at 00:44, the price was about 250 and the funding rate about +0.00079%, with Binance spot 24h trading volume around $31.65 million.
A change in sign does not mean the position structure has already flipped. It only shows that the direction of long/short holding costs has crossed the zero line; in absolute terms, the new funding rate is still close to neutral. Reading “negative to positive” directly as a full return of leverage is mistaking a threshold event for an intensity event.
The more accurate description right now is: as the price accelerated, contract costs just returned to near-neutral. Only if OI, liquidations, and basis also show continuous changes would it be enough to rewrite the interpretation of participant structure.
Data: CoinGecko trending searches, Binance public spot 24h ticker and USD-margined perpetual premiumIndex, sampled at 2026-09-07 00:44 (Beijing time).$TAO #market structure