The funding rate turns negative—$PYTH has someone grinding their teeth
The funding rate flipped. +0.0011% to -0.0011%: not a decimal-point trick—shorts are starting to collect rent from longs, and in the process, they’re putting themselves on the hook too.
One year since the Grayscale Pyth Trust, and 10 news items are circling around it. At the same time, OI climbed from 8.5M to 9.2M, +8.1%, pushing it from 8.5M and then 8.7M higher step by step. What about price? 0.0628, up only 1.7% in 24h.
The contrast is right here: it isn’t rallying hard, yet money is pouring in. The direction feels like a wager, not a collective rush to board.
Funding turning negative means shorts have the edge, but the cost of holding shorts is starting to rise. Falling and still adding positions—that’s real money, not a low-volume, drifting selloff. Market cap is $496.6M, volume is $17.0M, spot orders are active—heat is there, but direction isn’t settled.
Don’t rush to pick a side. First, calculate your own position cost and leverage, then wait for a confirmation.
Negative funding isn’t a talisman. If a squeeze reverses, both sides have to pay tuition.
#PYTH #币安 #Bitcoin
The funding rate flipped. +0.0011% to -0.0011%: not a decimal-point trick—shorts are starting to collect rent from longs, and in the process, they’re putting themselves on the hook too.
One year since the Grayscale Pyth Trust, and 10 news items are circling around it. At the same time, OI climbed from 8.5M to 9.2M, +8.1%, pushing it from 8.5M and then 8.7M higher step by step. What about price? 0.0628, up only 1.7% in 24h.
The contrast is right here: it isn’t rallying hard, yet money is pouring in. The direction feels like a wager, not a collective rush to board.
Funding turning negative means shorts have the edge, but the cost of holding shorts is starting to rise. Falling and still adding positions—that’s real money, not a low-volume, drifting selloff. Market cap is $496.6M, volume is $17.0M, spot orders are active—heat is there, but direction isn’t settled.
Don’t rush to pick a side. First, calculate your own position cost and leverage, then wait for a confirmation.
Negative funding isn’t a talisman. If a squeeze reverses, both sides have to pay tuition.
#PYTH #币安 #Bitcoin