$LSK fell 42.95% in the past 24 hours, current price 0.45657. Funding rate is -0.00474020, extremely negative. Combined with open interest of 39,315,228, this indicates that bearish pressure is extremely strong in the perpetual futures market, and longs have been pushed out in large numbers.
**Key takeaway:** In the short term, price may still dip further; the bearish-dominated structure remains unchanged.
**Evidence and second-order effects:** The sharp plunge in price and the deeply negative funding rate are two signals at once, pulling the market along with bearish sentiment.
**Key takeaway:** In the short term, price may still dip further; the bearish-dominated structure remains unchanged.
**Evidence and second-order effects:** The sharp plunge in price and the deeply negative funding rate are two signals at once, pulling the market along with bearish sentiment.