$ARK Funding rate -0.5617%, yet the price is still sticking to the 24h low of 0.2254, creeping along while the 24h change is still down 8.269%—the shorts are paying every hour, but no one’s picking up the order flow!
In the last hour, it slid from 0.2323 to 0.2263; the buy/sell imbalance is 0.804 and the 15-minute figure is 0.761—sellers are in advantage with more aggressive orders. Open position notional has only decreased by 1.28%, and the traded value is just 0.64x; volume hasn’t increased, and longs are slowly withdrawing. Such a negative funding rate indicates shorts are crowded, but the price isn’t being pushed up. The conditions for a reverse liquidation haven’t arrived yet.
Regaining 0.2323 (from 1 hour ago) is when it would count as shorts’ paid funding starting to take effect; breaking below 0.2254 would keep things weak.
#ARK
In the last hour, it slid from 0.2323 to 0.2263; the buy/sell imbalance is 0.804 and the 15-minute figure is 0.761—sellers are in advantage with more aggressive orders. Open position notional has only decreased by 1.28%, and the traded value is just 0.64x; volume hasn’t increased, and longs are slowly withdrawing. Such a negative funding rate indicates shorts are crowded, but the price isn’t being pushed up. The conditions for a reverse liquidation haven’t arrived yet.
Regaining 0.2323 (from 1 hour ago) is when it would count as shorts’ paid funding starting to take effect; breaking below 0.2254 would keep things weak.
#ARK
