$HEMI Shorts are starting to pay rent to longs
Market cap is just $34.7M, but 24h trading volume hit $78.9M. Small market, but the money hasn’t stopped flowing.
The strange part is the open interest: 4.4M → 4.2M → 4.3M → 5.8M, up 32.2% in a day. Price is already up 11.9%, and leverage is still climbing. Who’s adding shorts when the price just won’t drop?
Look at the funding rate. It slid from -0.0281% to -0.0342%. The more negative it gets, the more expensive it is. Think shorts are gaining the upper hand? Every extra second you hold costs you another bite.
Price is now 0.00626, with a market cap of $34.7M. There’s a spot trading pair too, 10 news stories are making the rounds, and the Binance HODLer airdrop has just put Hemi in the spotlight. When the price is pinned low and the funding rate is deeply negative, it’s easy to get caught in a short squeeze—not a guaranteed rebound, but the shorts’ P&L could turn cold first.
Risk warning: Stay in a negative funding rate for too long, and one short-covering candle can wipe out all your profits. Don’t max out your leverage.
#HEMI #币安 #Bitcoin
Market cap is just $34.7M, but 24h trading volume hit $78.9M. Small market, but the money hasn’t stopped flowing.
The strange part is the open interest: 4.4M → 4.2M → 4.3M → 5.8M, up 32.2% in a day. Price is already up 11.9%, and leverage is still climbing. Who’s adding shorts when the price just won’t drop?
Look at the funding rate. It slid from -0.0281% to -0.0342%. The more negative it gets, the more expensive it is. Think shorts are gaining the upper hand? Every extra second you hold costs you another bite.
Price is now 0.00626, with a market cap of $34.7M. There’s a spot trading pair too, 10 news stories are making the rounds, and the Binance HODLer airdrop has just put Hemi in the spotlight. When the price is pinned low and the funding rate is deeply negative, it’s easy to get caught in a short squeeze—not a guaranteed rebound, but the shorts’ P&L could turn cold first.
Risk warning: Stay in a negative funding rate for too long, and one short-covering candle can wipe out all your profits. Don’t max out your leverage.
#HEMI #币安 #Bitcoin