6.1% increase, but the funding rate is -0.0465%
6.1%—that’s IOTA’s rise today, at 0.05326 USDT. But at the same time, the funding rate slid all the way from -0.0395% down to -0.0465%.
Prices are rising, yet the fee is going down. The shorts didn’t back off—instead, they hit harder.
Open interest +8.5%, with the path at 4.1M, 4.1M, 4.0M, 4.4M— and that last jump was real money thrown in, not a low-volume drift downward. 24h trading volume $24.3M, market cap $226.9M. There are 10 news pieces in the mix; the fuse was that Starfis interpretation.
A negative funding rate isn’t free.
With shorts in control, the cost is on you. The more negative the funding rate, the more money shorts must pay every day. When the price is around 0.05, the fees are still being pushed higher— you think you’re standing in a favorable wind, but actually both sides are charging you.
Don’t use leverage to bet on direction. First see whether the funding rate continues to go more negative, then check whether that 4.4M OI can hold.
Risk warning: With a $226.9M order book, a single large trade can flip the funding rate—calculate your liquidation price before talking about direction.
#IOTA #币安 #Bitcoin
6.1%—that’s IOTA’s rise today, at 0.05326 USDT. But at the same time, the funding rate slid all the way from -0.0395% down to -0.0465%.
Prices are rising, yet the fee is going down. The shorts didn’t back off—instead, they hit harder.
Open interest +8.5%, with the path at 4.1M, 4.1M, 4.0M, 4.4M— and that last jump was real money thrown in, not a low-volume drift downward. 24h trading volume $24.3M, market cap $226.9M. There are 10 news pieces in the mix; the fuse was that Starfis interpretation.
A negative funding rate isn’t free.
With shorts in control, the cost is on you. The more negative the funding rate, the more money shorts must pay every day. When the price is around 0.05, the fees are still being pushed higher— you think you’re standing in a favorable wind, but actually both sides are charging you.
Don’t use leverage to bet on direction. First see whether the funding rate continues to go more negative, then check whether that 4.4M OI can hold.
Risk warning: With a $226.9M order book, a single large trade can flip the funding rate—calculate your liquidation price before talking about direction.
#IOTA #币安 #Bitcoin