$HEMI fee starts to bite back
Note: the funding rate is no longer positive.
+0.0015% → -0.0012%—just one step and it flips. The shorts are starting to gain the upper hand. The holding cost for shorts is climbing.
Here are the receipts:
Data one: Price +2.4%, current price 0.006601 USDT. It’s up—yet the funding rate is negative.
Data two: OI quietly rose +9.7%, from 6.1M → 6.3M → 6.4M → 6.7M. All the way up, no turning back.
Data three: 24h trading volume is $10.5M, but the market cap is only $28.8M. Volume has topped more than a third of market cap—this isn’t a dead market with nobody playing.
Put it into plain language: the price may be down or not, but real money is flowing in. When the funding rate turns negative, it means there are more people taking short positions.
This entry is real—the direction is a bet.
The reversal is here: when price is low and the funding rate is deeply negative, the more squeezed the shorts are, the more likely they get stuck by their own funding costs. Potential buyback pressure is not a guaranteed rebound.
Watch your position cost and leverage. Wait for confirmation—don’t jump to conclusions before the market does.
Risk warning: in a negative funding environment, the longer you hold, the more what gets eaten isn’t the market—it’s your principal.
#HEMI #币安 # Bitcoin
Note: the funding rate is no longer positive.
+0.0015% → -0.0012%—just one step and it flips. The shorts are starting to gain the upper hand. The holding cost for shorts is climbing.
Here are the receipts:
Data one: Price +2.4%, current price 0.006601 USDT. It’s up—yet the funding rate is negative.
Data two: OI quietly rose +9.7%, from 6.1M → 6.3M → 6.4M → 6.7M. All the way up, no turning back.
Data three: 24h trading volume is $10.5M, but the market cap is only $28.8M. Volume has topped more than a third of market cap—this isn’t a dead market with nobody playing.
Put it into plain language: the price may be down or not, but real money is flowing in. When the funding rate turns negative, it means there are more people taking short positions.
This entry is real—the direction is a bet.
The reversal is here: when price is low and the funding rate is deeply negative, the more squeezed the shorts are, the more likely they get stuck by their own funding costs. Potential buyback pressure is not a guaranteed rebound.
Watch your position cost and leverage. Wait for confirmation—don’t jump to conclusions before the market does.
Risk warning: in a negative funding environment, the longer you hold, the more what gets eaten isn’t the market—it’s your principal.
#HEMI #币安 # Bitcoin