Behind the 24% price surge, the funding rate has already spiked to 0.0596%—this is long traders going berserk with leverage.
Today, UAI surged from 0.515 to 0.73 in a straight line, with trading volume hitting 163 million USDT. What’s interesting is that the long-to-short ratio is 46% vs 54%, yet shorts are actually in the majority—but the price still isn’t falling.
The hourly chart has been closing with green candles consecutively, and the last one even saw increased volume. This kind of divergence—"shorts are crowded but the price is still climbing"—often means the squeeze is still ongoing.
However, with the funding rate so high, the cost of chasing longs isn’t small. It’s better to wait for a pullback or for the funding rate to cool down before looking again more safely.
$UAI #资金费率飙升 #24% price increase
Click the small card below to quickly check the market👇
Today, UAI surged from 0.515 to 0.73 in a straight line, with trading volume hitting 163 million USDT. What’s interesting is that the long-to-short ratio is 46% vs 54%, yet shorts are actually in the majority—but the price still isn’t falling.
The hourly chart has been closing with green candles consecutively, and the last one even saw increased volume. This kind of divergence—"shorts are crowded but the price is still climbing"—often means the squeeze is still ongoing.
However, with the funding rate so high, the cost of chasing longs isn’t small. It’s better to wait for a pullback or for the funding rate to cool down before looking again more safely.
$UAI #资金费率飙升 #24% price increase
Click the small card below to quickly check the market👇
