$ONE funding rate -0.9909%, after a 22.33% drop in 24h, the price has stabilized at 0.0023934; one hour ago it was 0.0023741. A negative rate at this level suggests the short side is crowded, but the trading volume over the past hour is only 0.6 times the 24h average—there’s no volume to support the rebound. The aggressive buy/sell ratio is also 0.97, so you can’t really say the buyers have the upper hand. The position amount increased by only 0.88% over the past hour, to about 10.76 million USDT—nothing suggests fresh capital is flowing in. This looks more like a technical short-term cover after the shorts get crowded. If the price falls back below the 24h low of 0.0022112, the covering logic would likely fail. For the same batch: $TUT saw volume surge 3.9x in the past hour, open interest increase 14.91%, and the aggressive buy/sell ratio reach 1.265; while $ARX had volume up 4.34x but the aggressive buy/sell ratio is 0.895—direction isn’t consistent.
#funding rate