$BE 24 hours slight dip of 1.254%, quote 273.24. The key data is that the funding rate is pinned to zero, and the open position volume of 25,116 lots is unmoved. A slow bleed in price, funding at zero, and positions unchanged—this combination, as “old dogs” see it, is a classic deadlock between longs and shorts, with the market waiting for an outside force to tip the balance.

This condition is especially worth noting when placed on TradFi perpetual contracts. Funding at zero means longs and shorts pay each other nothing, and there is no directional funding-cost pressure in the market.

Trading tag: #BinanceFutures #TradFi #USDⓈM #BE #BEUSDT $BE