Conclusion up front: AVA surged 82% in a day, yet on the short side they’re collectively paying out money to hold on—still, they couldn’t hold it.

Current price is around 0.277; over the past 24 hours, the high was 0.325 and the low was 0.15. The gains on Binance and Bybit are both capped between 82% and 84%.

9 exchanges’ funding rates are all negative. Gate’s annualized rate is paying out more than 1800%, and even Binance is paying out 1381% as well—this money is all being taken out by shorts, betting on a pullback.

But the pullback never came. Within 24 hours, liquidations across the whole network hit $1.5 million, and 67% were short positions—paid fees as they were being buried. In the past hour, the market sentiment has shifted: within the liquidations, 67% has turned into longs, which suggests this rally is starting to meet selling pressure as well.

Open interest surged 521% in a single day to $12.25 million, with Binance alone accounting for 55%; funds are still pouring in.

$AVA $BTC

#资金费率 #liquidation data

Paying extra money to hold short positions—what do you think they’re after?

Check in real time: https://www.coinboss.com/currencies/AVA