Conclusion up front: JASMY shorts are effectively paying a premium. This round’s annualized funding rate on Binance is about -26%, yet open positions increased by 38% in a single day. Longs are taking the baton aggressively.
JASMY’s funding rate is negative on Binance, Bitget, and Bitunix. They settle every 8 hours, with annualized rates of about -26%, -14%, and -28%, respectively. A negative funding rate means shorts pay longs; after several consecutive rounds, the cost of shorting keeps compounding higher.
Across the whole network, open positions are $29.49 million; over the past 24 hours the rate actually decreased by 1.57%. Binance and Bybit increased their positions by 38% and 21%, respectively, while MEXC removed 25%. Funds are being shifted from one side to the other.
Will you follow by adding to your position, or wait for the funding rate to turn positive first?
$JASMY $BTC
View in real time: https://www.coinboss.com/currencies/JASMY