There’s one detail I stared at for a long time: $COTI is up 33.3% today, yet the funding rate is -0.0032%. Meanwhile, the price has already fallen from the intraday high of 0.02673 to 0.023252—down 13%.
A 33% rise is not unusual when shorts are the ones paying longs. What’s strange is this: the shorts are paying the funding rate, yet the price keeps moving lower. That dump can’t possibly come from the contract—it can only be someone selling spot. The invisible selling pressure in the futures contract is the real thing.
Here’s a falsifiable prediction: if the funding rate flips from negative to positive, but the price is still falling, then that’s what you call leveraged shorts launching a counterattack—talk of accelerating the sell-off would be legitimate. It hasn’t flipped yet.
Keep an eye on one number: 0.02673. If it can’t reclaim that level, then this 33% is just a ladder someone else is using to unload.
So which do you believe—spot is being smashed, or shorts are being the ones that are smashing?
#数据视角 #资金动向 #real-time data
A 33% rise is not unusual when shorts are the ones paying longs. What’s strange is this: the shorts are paying the funding rate, yet the price keeps moving lower. That dump can’t possibly come from the contract—it can only be someone selling spot. The invisible selling pressure in the futures contract is the real thing.
Here’s a falsifiable prediction: if the funding rate flips from negative to positive, but the price is still falling, then that’s what you call leveraged shorts launching a counterattack—talk of accelerating the sell-off would be legitimate. It hasn’t flipped yet.
Keep an eye on one number: 0.02673. If it can’t reclaim that level, then this 33% is just a ladder someone else is using to unload.
So which do you believe—spot is being smashed, or shorts are being the ones that are smashing?
#数据视角 #资金动向 #real-time data