$BAT Just finished sweeping the book, and the short positions are starting to feel bad
Just finished sweeping Binance contracts, and the BAT chart line is acting strangely.
Current price 0.10592, up +12.3% in 24h—looks pretty lively. But open interest also surged +16.3% in sync, with the path going 2.7M > 2.9M > 2.8M > 3.2M. It drops a bit, and another layer gets added; it drops again, and another layer gets added. People are dumping real money into it—not a zero-volume churn.
Even worse is the funding rate. It flipped from +0.0015% straight to -0.0004%. From positive to negative—the shorts have the upper hand. But the cost of holding short positions is also starting to climb.
On the other side, the BAT Community Call is scheduled for 11 Nov 2025. There are nearly 10 pieces of news, and the media is watching closely. Trading volume is $15.2M, market cap $155.0M, and the spot trading pairs are still sitting there.
One side is getting hotter, while the other is sinking deeper on the funding rate. This isn’t choosing a direction—it’s positions tormenting each other.
Don’t get too proud with shorts yet. Negative funding rates will keep chewing your margin every day. And don’t pop champagne on longs either—at low levels, a negative funding rate can force a squeeze on you at any time.
First bring leverage down. Wait for the funding rate to converge and for OI not to keep stacking before acting.
Risk warning: Negative funding rate doesn’t guarantee a rebound. The heavier your position, the closer your liquidation price is to you.
#BAT #币安 #Bitcoin
Just finished sweeping Binance contracts, and the BAT chart line is acting strangely.
Current price 0.10592, up +12.3% in 24h—looks pretty lively. But open interest also surged +16.3% in sync, with the path going 2.7M > 2.9M > 2.8M > 3.2M. It drops a bit, and another layer gets added; it drops again, and another layer gets added. People are dumping real money into it—not a zero-volume churn.
Even worse is the funding rate. It flipped from +0.0015% straight to -0.0004%. From positive to negative—the shorts have the upper hand. But the cost of holding short positions is also starting to climb.
On the other side, the BAT Community Call is scheduled for 11 Nov 2025. There are nearly 10 pieces of news, and the media is watching closely. Trading volume is $15.2M, market cap $155.0M, and the spot trading pairs are still sitting there.
One side is getting hotter, while the other is sinking deeper on the funding rate. This isn’t choosing a direction—it’s positions tormenting each other.
Don’t get too proud with shorts yet. Negative funding rates will keep chewing your margin every day. And don’t pop champagne on longs either—at low levels, a negative funding rate can force a squeeze on you at any time.
First bring leverage down. Wait for the funding rate to converge and for OI not to keep stacking before acting.
Risk warning: Negative funding rate doesn’t guarantee a rebound. The heavier your position, the closer your liquidation price is to you.
#BAT #币安 #Bitcoin