SOL’s perpetual futures funding rate turned negative, falling to -0.0141%, with open interest at 8.4 million tokens.
👉 我每天盯的价位清单、判断更正，都先发群里。进来对着看
This funding rate usually stays positive, but today it flipped negative. At the same time, BTC and ETH funding rates were only slightly negative, while SOL’s was much more deeply in the red. There are two possible explanations: either short positions are more concentrated in SOL, or someone is using perpetual futures to hedge spot holdings, pushing the funding rate down. Open interest of 8.4 million tokens is down just 0.4% from five hours ago, so positions haven’t withdrawn alongside the price decline.
Whether SOL’s funding rate turns positive again is the key turning point here. Until then, it’s too early to say that bulls and bears have taken sides again.
#strive斥资1.69亿美元增持2000枚btc
👉 我每天盯的价位清单、判断更正，都先发群里。进来对着看
This funding rate usually stays positive, but today it flipped negative. At the same time, BTC and ETH funding rates were only slightly negative, while SOL’s was much more deeply in the red. There are two possible explanations: either short positions are more concentrated in SOL, or someone is using perpetual futures to hedge spot holdings, pushing the funding rate down. Open interest of 8.4 million tokens is down just 0.4% from five hours ago, so positions haven’t withdrawn alongside the price decline.
Whether SOL’s funding rate turns positive again is the key turning point here. Until then, it’s too early to say that bulls and bears have taken sides again.
#strive斥资1.69亿美元增持2000枚btc
