It only rose 0.1%, yet someone went crazy and added a 23.5% position.
In the past 24 hours, it only rose 0.1%. Meanwhile, the position size jumped by as much as 23.5% in one go.
The fee rate went from +0.0001% to -0.0005%, and shorts started to have the edge. The news about Bybit’s XAUT flexible investment and interest rate increase just came out—when the words “Gold Rush” were put out, many people immediately treated it as a reason to short the gold token.
But look more closely. 38.8M, then 42.7M, then 45.7M, and then 47.9M. The price stays put, yet positions are piling up. Almost no drop, and still adding more? This isn’t a low-volume grind down—this is real money setting up a position.
And the funding fee has already turned negative. The cost of shorts having the advantage is that the carrying cost for short positions starts to rise. The more aggressively you short at the lows, the faster the cost climbs—when a cover comes, you’ll be walking through the most crowded door.
Trading volume is $47.3M, market cap $2.94B, and the spot pair is still there. Don’t rush to pick a side—first calculate your own position cost.
Negative funding fees don’t equal a rebound. Covering is only a possibility. The first wave of liquidations is never the people who merely got the direction wrong.
#XAUT #币安 #比特币
In the past 24 hours, it only rose 0.1%. Meanwhile, the position size jumped by as much as 23.5% in one go.
The fee rate went from +0.0001% to -0.0005%, and shorts started to have the edge. The news about Bybit’s XAUT flexible investment and interest rate increase just came out—when the words “Gold Rush” were put out, many people immediately treated it as a reason to short the gold token.
But look more closely. 38.8M, then 42.7M, then 45.7M, and then 47.9M. The price stays put, yet positions are piling up. Almost no drop, and still adding more? This isn’t a low-volume grind down—this is real money setting up a position.
And the funding fee has already turned negative. The cost of shorts having the advantage is that the carrying cost for short positions starts to rise. The more aggressively you short at the lows, the faster the cost climbs—when a cover comes, you’ll be walking through the most crowded door.
Trading volume is $47.3M, market cap $2.94B, and the spot pair is still there. Don’t rush to pick a side—first calculate your own position cost.
Negative funding fees don’t equal a rebound. Covering is only a possibility. The first wave of liquidations is never the people who merely got the direction wrong.
#XAUT #币安 #比特币