$ZEC Today I worked again until 1164, up 10.13%, with turnover of 2.18B USDU—BTC同期 is only 1.72%. This is clearly capital showing favoritism.
But I’m not watching the price increase—I’m watching the fee rate: -0.0068%. Even after it pumps like this, the perpetual funding rate is still negative. Shorts are effectively paying longs. In plain terms, this move wasn’t stacked by leveraged longs—it’s spot buying with real money. This kind of structure doesn’t easily collapse overnight, but don’t expect it to deliver 10% every day.
What hurts is the high at 1224.53; the current price has already pulled back 4.93%. If you chased it up today, you’re still losing.
If it can’t get back to 1225, I won’t chase. If it breaks below 1100, I’m looking at 1054.
A 10% rally paired with a negative funding rate—how do you read that combination? #行情播报 #data perspective
But I’m not watching the price increase—I’m watching the fee rate: -0.0068%. Even after it pumps like this, the perpetual funding rate is still negative. Shorts are effectively paying longs. In plain terms, this move wasn’t stacked by leveraged longs—it’s spot buying with real money. This kind of structure doesn’t easily collapse overnight, but don’t expect it to deliver 10% every day.
What hurts is the high at 1224.53; the current price has already pulled back 4.93%. If you chased it up today, you’re still losing.
If it can’t get back to 1225, I won’t chase. If it breaks below 1100, I’m looking at 1054.
A 10% rally paired with a negative funding rate—how do you read that combination? #行情播报 #data perspective