-2%——$G ’s funding rate is being pinned at this negative extreme. Today it dropped 31%, cutting away 60.66% from the intraday high. People chasing short positions at a move like this are even paying extra:
Volume: 625 million USDT, only 10.94 million USDT in open interest. Turnover is 57x. Everything is intraday hedging—no one is holding positions overnight. My invalidation line is: the funding rate returns to within -0.5%, or open interest drops below 8 million USDT—before these two conditions appear, any reading below 0.0057 shall be treated as a squeeze that rebounds, not a trend reversal. Do you dare to treat it as a trend reversal?
#资金动向 #实时数据 #Data perspective
Volume: 625 million USDT, only 10.94 million USDT in open interest. Turnover is 57x. Everything is intraday hedging—no one is holding positions overnight. My invalidation line is: the funding rate returns to within -0.5%, or open interest drops below 8 million USDT—before these two conditions appear, any reading below 0.0057 shall be treated as a squeeze that rebounds, not a trend reversal. Do you dare to treat it as a trend reversal?
#资金动向 #实时数据 #Data perspective