$ME fell 0.4%, yet OI jumped 10.4%
The price dropped, but the money didn’t leave. $ME current price 0.07885, down 0.4% in 24h, while open interest rose from 2.0M to 2.1M, then 2.1M again, and finally 2.2M—up 10.4%. Like piling up four levels of stairs upward. This isn’t a low-volume, slow bleed—it’s someone adding while the price falls.
At the same time, the funding rate flipped from +0.0020% to -0.0006%. The shorts are starting to gain an edge, and the holding cost for short positions will start rising too. 24h trading volume is $5.1M, market cap $57.9M—spot is still sitting there on the shelf.
While the price is being pushed down, real money is moving in. This isn’t consensus; it’s a bet against each other.
The conclusion is one sentence: the direction hasn’t been decided yet, but the cost of the chips has already changed.
Don’t rush to pick a side. First, check how much leverage you’re holding—whether it can survive the next funding settlement.
Risk warning: negative funding isn’t a rebound signal; those who keep holding positions are worn down bit by bit by the funding.
#ME #币安 #Bitcoin
The price dropped, but the money didn’t leave. $ME current price 0.07885, down 0.4% in 24h, while open interest rose from 2.0M to 2.1M, then 2.1M again, and finally 2.2M—up 10.4%. Like piling up four levels of stairs upward. This isn’t a low-volume, slow bleed—it’s someone adding while the price falls.
At the same time, the funding rate flipped from +0.0020% to -0.0006%. The shorts are starting to gain an edge, and the holding cost for short positions will start rising too. 24h trading volume is $5.1M, market cap $57.9M—spot is still sitting there on the shelf.
While the price is being pushed down, real money is moving in. This isn’t consensus; it’s a bet against each other.
The conclusion is one sentence: the direction hasn’t been decided yet, but the cost of the chips has already changed.
Don’t rush to pick a side. First, check how much leverage you’re holding—whether it can survive the next funding settlement.
Risk warning: negative funding isn’t a rebound signal; those who keep holding positions are worn down bit by bit by the funding.
#ME #币安 #Bitcoin