$SAGA Funding Rate -0.6049%. Shorts pay money to longs every hour, yet the price still dropped 21.329% in 24h to 0.0272!
In the past 1 hour, the成交 amount is only 0.75x the 24h hourly average—no volume expansion; the buy/sell ratio from active trading is 0.947, falling to 0.824 within 15 minutes, with sellers adding more to take orders. Open positions: 10.763 million—longs are reducing positions and exiting, not new shorts entering.
In a negative-funding environment, the low-volume, slow decline looks more like shorts are unwilling to chase while longs are the ones backing out. Only when it reclaims 0.02733 from 1 hour ago can it be considered to have stopped the drop; if it breaks below the 24h low of 0.02576, reducing positions still needs to continue.
#SAGA
In the past 1 hour, the成交 amount is only 0.75x the 24h hourly average—no volume expansion; the buy/sell ratio from active trading is 0.947, falling to 0.824 within 15 minutes, with sellers adding more to take orders. Open positions: 10.763 million—longs are reducing positions and exiting, not new shorts entering.
In a negative-funding environment, the low-volume, slow decline looks more like shorts are unwilling to chase while longs are the ones backing out. Only when it reclaims 0.02733 from 1 hour ago can it be considered to have stopped the drop; if it breaks below the 24h low of 0.02576, reducing positions still needs to continue.
#SAGA
