$XAI Funding rate -0.2313%, up 27.4% over the past 24h, then fell back 1.9% in the last hour; positions have dropped to 4.48 million. Such a negative funding rate suggests the shorts are crowded. But the active buy/sell ratio is 0.843, and the last 15 minutes is 0.77—meaning sell-side is mainly taking orders—yet the price only dipped slightly. This looks more like shorts holding on rather than longs getting wiped out. If it breaks below the 24h low of 0.007795, this interpretation is invalid. $LSK is up 22.9% intraday, but it’s down 4.85% in the last hour; open interest has decreased by 6.06%, and the pace is more abrupt. $TAKE : down 39.2% over 24h; funding rate is 0.1082% (slightly positive), and the direction is the opposite.
#Contract order book