$SOMI fee rate turns negative, the alarm goes off
Bears—started collecting tolls.
The funding rate dropped from -0.0076% to -0.0090%. It turned negative and is still moving lower. Bear power is strengthening—this isn’t a guess, it’s written in the ledger.
Open interest +11.3%. 1.9M → 1.8M → 2.0M → 2.1M. Take one off first, then add two more. 24h volume $5.0M, market cap $47.2M, spot side is just sitting there. 10 news items, Gate CandyDrop Episode 88: CandyDrop x Somnia (SOMI)—not low on attention.
Wait. Price 0.1631, still +5.6% over 24h.
Rising, yet the funding rate is negative. Who’s stubbornly holding it up?
Bears add more to their position—the cost is paying every second. Positioning expands moderately, and the long-vs-short battle intensifies—negative funding isn’t a bear’s trophy, it’s a bear’s bill. As long as price doesn’t reclaim, covering shorts becomes a passive action, not a multiple-choice decision.
Don’t rush to pick a side. First look at your position cost, then your leverage multiple. Before direction is confirmed, the funding rate makes the first move.
Risk warning: With a $47.2M order book, entry and exit depend entirely on liquidity—don’t gamble on a single cover with leverage you can’t survive.
#SOMI #币安 # Bitcoin
Bears—started collecting tolls.
The funding rate dropped from -0.0076% to -0.0090%. It turned negative and is still moving lower. Bear power is strengthening—this isn’t a guess, it’s written in the ledger.
Open interest +11.3%. 1.9M → 1.8M → 2.0M → 2.1M. Take one off first, then add two more. 24h volume $5.0M, market cap $47.2M, spot side is just sitting there. 10 news items, Gate CandyDrop Episode 88: CandyDrop x Somnia (SOMI)—not low on attention.
Wait. Price 0.1631, still +5.6% over 24h.
Rising, yet the funding rate is negative. Who’s stubbornly holding it up?
Bears add more to their position—the cost is paying every second. Positioning expands moderately, and the long-vs-short battle intensifies—negative funding isn’t a bear’s trophy, it’s a bear’s bill. As long as price doesn’t reclaim, covering shorts becomes a passive action, not a multiple-choice decision.
Don’t rush to pick a side. First look at your position cost, then your leverage multiple. Before direction is confirmed, the funding rate makes the first move.
Risk warning: With a $47.2M order book, entry and exit depend entirely on liquidity—don’t gamble on a single cover with leverage you can’t survive.
#SOMI #币安 # Bitcoin