A 43% increase, yet the funding rate is negative — that happened on RAYSOL at the same time.
Over the past 24 hours, trading volume surged to $429 million, with the price rising from 0.87 to 1.44 and then pulling back to 1.25.
On the surface, it looks like a strong breakout, but the funding rate of -0.00543 shows that long traders are not paying a premium to shorts.
What’s more worth noting is that the candlesticks over the last 8 hours have generally been weakening, and the momentum from chasing longs at higher levels is fading.
The long/short ratio is 50%/50%, with both sides showing restraint. At times like this, the risk of buying into strength is often greater than the opportunity.
Wait until the funding rate turns positive and trading volume expands again — there’s no rush.
$RAYSOL #资金费率背离 #43%
Click the small card below to quickly view the market 👇
Over the past 24 hours, trading volume surged to $429 million, with the price rising from 0.87 to 1.44 and then pulling back to 1.25.
On the surface, it looks like a strong breakout, but the funding rate of -0.00543 shows that long traders are not paying a premium to shorts.
What’s more worth noting is that the candlesticks over the last 8 hours have generally been weakening, and the momentum from chasing longs at higher levels is fading.
The long/short ratio is 50%/50%, with both sides showing restraint. At times like this, the risk of buying into strength is often greater than the opportunity.
Wait until the funding rate turns positive and trading volume expands again — there’s no rush.
$RAYSOL #资金费率背离 #43%
Click the small card below to quickly view the market 👇
