58% increase, but the funding rate is negative?
RAYSOL has made a strong upward move today, surging from 0.86 all the way to 1.44, and is currently trading around 1.37. Trading volume has expanded to 360 million USDT, indicating a large amount of capital entering the market.
What's interesting, however, is that the funding rate is now -0.0003. Normally, when prices surge, longs have to pay fees to shorts, so the rate should be positive. A negative funding rate means shorts are actually paying longs — which suggests that many people in the market still think this is a false breakout and are shorting against the trend.
As a result, shorts are being squeezed continuously, and the higher the price rises, the more passive they become. In the short term, the price is consolidating in the 1.32-1.38 range, waiting for a directional choice.
$RAYSOL #资金费率背离 #58%
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RAYSOL has made a strong upward move today, surging from 0.86 all the way to 1.44, and is currently trading around 1.37. Trading volume has expanded to 360 million USDT, indicating a large amount of capital entering the market.
What's interesting, however, is that the funding rate is now -0.0003. Normally, when prices surge, longs have to pay fees to shorts, so the rate should be positive. A negative funding rate means shorts are actually paying longs — which suggests that many people in the market still think this is a false breakout and are shorting against the trend.
As a result, shorts are being squeezed continuously, and the higher the price rises, the more passive they become. In the short term, the price is consolidating in the 1.32-1.38 range, waiting for a directional choice.
$RAYSOL #资金费率背离 #58%
Click the small card below to quickly view the market 👇
