$IN Market Cap 1.3M, Volume 17M

Market cap: 1.3M.
Volume: 17.0M.
$IN current price 0.04094, 24h +8.3%.
The order book is small, but the trading volume is huge.

Open interest +32.0%.
2.1M > 2.1M > 2.6M > 2.7M.
Buying more as it rises isn’t strange; adding all the way to this point is what’s abnormal.

Funding rate: +0.0007% → -0.0073%.
Turned negative.
Shorts have the advantage, and short position costs start to rise.

The “top is here”: price is low, but the funding rate is this deeply negative.
Shorts think they got a bargain, but actually you’re paying rent every second.
As long as the price doesn’t fall, covering becomes a passive buy order.

Only perpetual contract trading pairs. Market cap: 1.3M.
10 news items: Huma Finance old version V1 contract attacked.
The excitement is someone else’s; the position is yours.

Risk warning: the more negative the funding rate, the more crowded the shorts get, and the harder the squeeze in the opposite direction; first calculate how much you can lose from leverage.

#IN #币安 #Bitcoin