$KERNEL shorts are being slowly worn down by funding rates

+18.8%, 0.04984. Prices are lively and rising—yet it’s the shorts who are paying the bill.

OI traced a very strange line: 1.3M → 1.3M → 1.3M → 1.4M, +10.6%.
The first three segments stayed completely flat; the last one suddenly lifted.

Price is going up, and positions are increasing too—this isn’t low-volume creeping decline; it’s real money getting poured in.

Funding rate: -0.5832% → -0.6512%.
Translation: shorts are starting to take the upper hand, but the cost of holding short positions is being pushed higher.

-0.6512% isn’t sentiment—it’s your bill, every single moment.
You bet it will turn around; it collects your toll first.

$12.0M trading volume, market cap $19.8M. The pool isn’t big, but the moves are not small.

Upbit removed KernelDAO (KERNEL) from the delisting watchlist—10 headlines are locked onto this screen.

What the shorts are thinking is: “It rose so much, it must be tired by now.”
But with deep negative funding rates at low levels, it could also turn into shorts stepping on their own feet.

Both sides have reasons; the leverage does not. First see whether the market can absorb the trades—then decide whether you can keep holding.

Risk warning: funding rates can flip on you, and positions won’t magically get lighter—don’t let a single reverse spike choose your exit point for you.

#KERNEL #币安 #Bitcoin