Conclusion first: FET is up 2.8%, open interest is up 2.9%, but shorts were cleared first in the last 4 hours. People who chased the dip are paying tuition.
FET current price is $0.2382. Binance is up 2.805%, OKX perpetuals are up 2.628%. The 24-hour high and low are about $0.2458 and $0.2232.
Total holdings across the entire network are $1.20 billion; Binance accounts for 28.9% and is up 3.18%. Hyperliquid accounts for 10.8% and is up 4.4%. Over the past 24 hours, $209,000 was liquidated; longs account for 89%. In the last 4 hours, shorts accounted for 95.6%.
Binance funding rates are 0.01% every 8 hours, while OKX is 0.005% every 4 hours. Both annualize to about 10.95%. With open interest rising and longs paying funding, those chasing the price higher should watch whether positions loosen.
$FET
Do you think FET can continue to rise?
Check in real time: https://www.coinboss.com/zh/funding-rate/FET