$STX funding rate turns negative again, but open interest is climbing
-0.0045%. The negative funding rate has ticked down another notch, while $STX is rising.
Current price: 0.3977 USDT, 24h +5.1%. Price is moving up, and open interest is up +10.0% in tandem—someone is putting real money behind their position as prices rise.
Open interest: 7.1M → 7.1M → 7.2M → 7.9M. The first two stretches look like a held breath; the third shows a move, and the final one is a straight jump.
24h trading volume: $21.7M; market cap: $636.2M; spot markets are active. 10 related stories are making the rounds: Can STX crypto break $2? Nakamoto upgrade sparks optimism.
The funding rate slid from -0.0037% to -0.0045%: shorts are gaining the upper hand, but the cost of holding short positions is rising. Negative funding at low levels, combined with growing open interest, could fuel a short squeeze—not a guarantee of a rebound.
What matters isn’t the direction, but whether your position can withstand the next wick.
Risk warning: Negative funding is no safety net. Once leverage is involved, a short squeeze and a cascade of liquidations can be just one candlestick apart.
#STX #币安 #Bitcoin
-0.0045%. The negative funding rate has ticked down another notch, while $STX is rising.
Current price: 0.3977 USDT, 24h +5.1%. Price is moving up, and open interest is up +10.0% in tandem—someone is putting real money behind their position as prices rise.
Open interest: 7.1M → 7.1M → 7.2M → 7.9M. The first two stretches look like a held breath; the third shows a move, and the final one is a straight jump.
24h trading volume: $21.7M; market cap: $636.2M; spot markets are active. 10 related stories are making the rounds: Can STX crypto break $2? Nakamoto upgrade sparks optimism.
The funding rate slid from -0.0037% to -0.0045%: shorts are gaining the upper hand, but the cost of holding short positions is rising. Negative funding at low levels, combined with growing open interest, could fuel a short squeeze—not a guarantee of a rebound.
What matters isn’t the direction, but whether your position can withstand the next wick.
Risk warning: Negative funding is no safety net. Once leverage is involved, a short squeeze and a cascade of liquidations can be just one candlestick apart.
#STX #币安 #Bitcoin