ZEN fee rate flips negative, positions increase by 14.9%
The fee rate has flipped.
ZEN’s current price is 7.717 USDT, up +4.4% in 24h—everything looks calm on the surface. But the funding rate has already slid from +0.0012% to -0.0006%—the positive sign is simply gone. Translation: shorts are starting to gain the upper hand, and the holding cost of short positions is being pushed higher.
On the same line, OI moves the other way: +14.9%. The path is right here: 9.9M > 9.3M > 10.3M > 11.4M. It got smashed once in the middle, then climbed back all the way. This isn’t an endless, mindless drift lower—there are distinct segments where price dropped, and people are truly putting real money in.
Trading volume is $42.2M, market cap $143.3M—spot pairs are active. The market cap isn’t that big, yet the moves are not small. The long/short battle is intensifying, and the direction hasn’t finished its final call yet.
One-sentence takeaway: fee rate turns negative + positions expand means shorts are getting stronger—but it doesn’t mean shorts are guaranteed to win.
In short: negative funding is sitting low; short-covering is a possibility, not a promise. Wait for confirmation—don’t rush in.
Risk warning: leverage magnifies volatility, not your judgment—let your position survive the night first.
#ZEN #币安 #比特币
The fee rate has flipped.
ZEN’s current price is 7.717 USDT, up +4.4% in 24h—everything looks calm on the surface. But the funding rate has already slid from +0.0012% to -0.0006%—the positive sign is simply gone. Translation: shorts are starting to gain the upper hand, and the holding cost of short positions is being pushed higher.
On the same line, OI moves the other way: +14.9%. The path is right here: 9.9M > 9.3M > 10.3M > 11.4M. It got smashed once in the middle, then climbed back all the way. This isn’t an endless, mindless drift lower—there are distinct segments where price dropped, and people are truly putting real money in.
Trading volume is $42.2M, market cap $143.3M—spot pairs are active. The market cap isn’t that big, yet the moves are not small. The long/short battle is intensifying, and the direction hasn’t finished its final call yet.
One-sentence takeaway: fee rate turns negative + positions expand means shorts are getting stronger—but it doesn’t mean shorts are guaranteed to win.
In short: negative funding is sitting low; short-covering is a possibility, not a promise. Wait for confirmation—don’t rush in.
Risk warning: leverage magnifies volatility, not your judgment—let your position survive the night first.
#ZEN #币安 #比特币