$HUT 24 hours rose 5.45%, with the funding rate in the same period rising to 0.0008492%. The price is up and the rate is positive—this is a microstructure driven by long-side chasing and continuously accumulating costs.
A positive funding rate means longs are paying shorts to maintain their positions. As price moves higher, long crowding increases as well; in the short term, downward pressure comes from profit-taking rather than short-side squeeze.
The counterargument is that a 5% move is normal volatility in crypto equities, but the current setup is dominated by a one-sided long bias. Once the buy pressure wanes, the speed of the pullback will be faster than the magnitude of the rally.
Trading tag: #TradFi #链上美股 #HUT
Where do you think this assessment is most likely to be wrong?
A positive funding rate means longs are paying shorts to maintain their positions. As price moves higher, long crowding increases as well; in the short term, downward pressure comes from profit-taking rather than short-side squeeze.
The counterargument is that a 5% move is normal volatility in crypto equities, but the current setup is dominated by a one-sided long bias. Once the buy pressure wanes, the speed of the pullback will be faster than the magnitude of the rally.
Trading tag: #TradFi #链上美股 #HUT
Where do you think this assessment is most likely to be wrong?