Just swept the $MET contract, and this number is off
Just swept the Binance contract. The current price of $MET is 0.3793, up +32.2% in 24h.
OI climbed from 4.6M to >4.8M to >5.1M to 7.0M, +49.8%. Volume: $63.5M, market cap: $216.7M. When it’s up like this, there’s still real money flowing in—bulls think they’ve won.
Funding rate dropped from +0.0019% to -0.0011%, turning negative. Bears also think they’ve won.
But both sides are wrong.
Bears: When the funding rate turns negative, it means bears are getting stronger—but a negative funding rate means the short positions are paying themselves. The more negative it gets, the higher the cost rises. Win the direction, lose the time.
Bulls: The 7.0M OI is leverage piled up on 0.3793. Spot is firm; 10 news items are laid out, and Meteora’s TGE has just launched—there’s no shortage of hype, only confirmation.
Price hasn’t moved yet, but costs moved first.
Funding rate is emotion, not direction; the faster positions are piled on, the faster they unwind.
#MET #币安 #Bitcoin
Just swept the Binance contract. The current price of $MET is 0.3793, up +32.2% in 24h.
OI climbed from 4.6M to >4.8M to >5.1M to 7.0M, +49.8%. Volume: $63.5M, market cap: $216.7M. When it’s up like this, there’s still real money flowing in—bulls think they’ve won.
Funding rate dropped from +0.0019% to -0.0011%, turning negative. Bears also think they’ve won.
But both sides are wrong.
Bears: When the funding rate turns negative, it means bears are getting stronger—but a negative funding rate means the short positions are paying themselves. The more negative it gets, the higher the cost rises. Win the direction, lose the time.
Bulls: The 7.0M OI is leverage piled up on 0.3793. Spot is firm; 10 news items are laid out, and Meteora’s TGE has just launched—there’s no shortage of hype, only confirmation.
Price hasn’t moved yet, but costs moved first.
Funding rate is emotion, not direction; the faster positions are piled on, the faster they unwind.
#MET #币安 #Bitcoin