-36% in a day, yet the funding rate fell to -0.038%.
XAN was smashed directly from 0.022 to 0.0124, with volume surging to 48M USDT. More importantly, 66% of people are still going long—meaning longs are being liquidated in a concentrated way.
Three consecutive hourly candlesticks closed bearish; every rebound gets pushed back down. In this kind of market, bottom-picking is like catching a falling knife—you think it’s already hit the bottom, but there’s still a basement below.
A negative funding rate indicates shorts are in control, but extremely crowded long positions can also trigger an even deeper cascade of liquidations.
$XAN #暴跌预警 # Funding Rate -0.038%
Click the small card below to quickly check the market 👇
XAN was smashed directly from 0.022 to 0.0124, with volume surging to 48M USDT. More importantly, 66% of people are still going long—meaning longs are being liquidated in a concentrated way.
Three consecutive hourly candlesticks closed bearish; every rebound gets pushed back down. In this kind of market, bottom-picking is like catching a falling knife—you think it’s already hit the bottom, but there’s still a basement below.
A negative funding rate indicates shorts are in control, but extremely crowded long positions can also trigger an even deeper cascade of liquidations.
$XAN #暴跌预警 # Funding Rate -0.038%
Click the small card below to quickly check the market 👇
