$H Funding rate +0.1108%, up 20.241% in 24h to 0.07895. Longs have to pay extra every hour based on their position size—and they pay a lot!

The buy/sell ratio in the last 1 hour is 1.172, with buyers holding the advantage. The trading volume is 1.54 times the 24h hourly average, and volume is expanding. But the price still falls: down 0.15% in the last 1 hour and down 0.11% in the last 15 minutes. Position size only increases by 0.14% to 15.45 million—so with volume expanding, it still can’t push the price. It looks more like switching hands at a high level.

Only when it reclaims above 0.07907 from 1 hour ago and the buy/sell ratio doesn’t fall back can we count it as a fresh round of capital taking over. If it breaks below the 24h low of 0.06372, the positive funding rate only shows that longs are crowded.

#H