$BNC fell 12.1% over the past 24 hours to 4.555, while the funding rate for the same period remains positive at 0.00059. This combination is a typical long-trapped-plus-adding pattern: prices are moving lower, but long position holders are still paying funding fees for their long positions.
The logic chain is: a drop + a positive funding rate means existing long holders are adding to longs against the market to average down their cost, while continuing to pay funding fees. This drains their liquidity buffer. If the rebound lacks strength, these longs may be forced to cut positions, and selling pressure would originate from within.
Trading tag: #TradFi #链上美股 #BNC
Where do you think this assessment is most likely to be wrong?
The logic chain is: a drop + a positive funding rate means existing long holders are adding to longs against the market to average down their cost, while continuing to pay funding fees. This drains their liquidity buffer. If the rebound lacks strength, these longs may be forced to cut positions, and selling pressure would originate from within.
Trading tag: #TradFi #链上美股 #BNC
Where do you think this assessment is most likely to be wrong?