119% price increase, but the funding rate is negative—this happens on SOPH at the same time.
The price rose from 0.0046 to 0.0117, trading volume surged to 647 million USDT,
while the number of people eligible to short was actually higher: 60% short positions vs 40% long positions.
The hourly candles closed bullish in a row, and the buying pressure is still pushing, but the funding rate at -0.02% suggests
someone is willing to pay to short it.
This kind of divergence usually points to two possibilities: either the shorts are betting on a pullback,
or large capital is using spot to pump the move while hedging with futures.
I lean toward the latter—because the volume is too big to look like purely retail behavior.
$SOPH #资金费率背离 #119%
Click the small card below to quickly view the market signal👇
The price rose from 0.0046 to 0.0117, trading volume surged to 647 million USDT,
while the number of people eligible to short was actually higher: 60% short positions vs 40% long positions.
The hourly candles closed bullish in a row, and the buying pressure is still pushing, but the funding rate at -0.02% suggests
someone is willing to pay to short it.
This kind of divergence usually points to two possibilities: either the shorts are betting on a pullback,
or large capital is using spot to pump the move while hedging with futures.
I lean toward the latter—because the volume is too big to look like purely retail behavior.
$SOPH #资金费率背离 #119%
Click the small card below to quickly view the market signal👇
