$BEAT has plunged 31.067% over the past 24 hours; the price is at 0.0872. The funding rate is only 0.00005000, and the open interest stands at 91.74 million.
This is a typical long liquidation cascade triggered by a long squeeze, leading to a liquidity dry-up. An extremely low funding rate serves as a single-signal indicator: it suggests that long positions have very low cost, yet the price is still collapsing. The market is being dominated by shorts, and a chain of liquidations is underway.
Strong counter-evidence: If a base forms around 0.0872 and the funding rate quickly turns from negative to positive, it may indicate that selling pressure has been exhausted.
This is a typical long liquidation cascade triggered by a long squeeze, leading to a liquidity dry-up. An extremely low funding rate serves as a single-signal indicator: it suggests that long positions have very low cost, yet the price is still collapsing. The market is being dominated by shorts, and a chain of liquidations is underway.
Strong counter-evidence: If a base forms around 0.0872 and the funding rate quickly turns from negative to positive, it may indicate that selling pressure has been exhausted.