$UNI Long positions have been continuously paying rent at the full allowable rate for six consecutive terms, yet the big-holder position ratio has barely eased—locked around 3.7.
In Binance perpetuals over the last 21 funding rounds, the funding rate hit the 0.01% cap 13 times; in the recent streak, it has been fully topped for 6 consecutive rounds. The average is about 0.0079%, and an approximate annualized figure comes to ~8.7%. Big holders’ L/S is about 3.70 (79% long); 24 hours ago it was still 3.67, hardly down. Retail traders are only 1.56 (61% long), leaving a gap of 2.14. OI is up +3.0% in 24h and +5.5% over 7d—rising, but nowhere near the kind of explosive surge chasing that happened earlier this morning. Current price is 9.05. It has reclaimed the 4H SMA20 (8.89), is hugging the upper Bollinger band at 9.15, and the SMA50 at 9.27 is still holding it down; basis is around -4 bp.
With the funding pinned at the cap, whales locking longs at high levels, and price just reclaiming the moving averages—this isn’t the same as a spot-style rise where the funding is “stuck” and OI doesn’t move, nor is it just retail chasing. It’s more like “whales paying rent to occupy positions.”
Next move: do we first see a poke through the upper Bollinger band/SMA50, or does the capped funding rate soften this batch of 3.7x longs first? Which side are you on?
$UNI #合约数据 #Funding Rate
In Binance perpetuals over the last 21 funding rounds, the funding rate hit the 0.01% cap 13 times; in the recent streak, it has been fully topped for 6 consecutive rounds. The average is about 0.0079%, and an approximate annualized figure comes to ~8.7%. Big holders’ L/S is about 3.70 (79% long); 24 hours ago it was still 3.67, hardly down. Retail traders are only 1.56 (61% long), leaving a gap of 2.14. OI is up +3.0% in 24h and +5.5% over 7d—rising, but nowhere near the kind of explosive surge chasing that happened earlier this morning. Current price is 9.05. It has reclaimed the 4H SMA20 (8.89), is hugging the upper Bollinger band at 9.15, and the SMA50 at 9.27 is still holding it down; basis is around -4 bp.
With the funding pinned at the cap, whales locking longs at high levels, and price just reclaiming the moving averages—this isn’t the same as a spot-style rise where the funding is “stuck” and OI doesn’t move, nor is it just retail chasing. It’s more like “whales paying rent to occupy positions.”
Next move: do we first see a poke through the upper Bollinger band/SMA50, or does the capped funding rate soften this batch of 3.7x longs first? Which side are you on?
$UNI #合约数据 #Funding Rate
