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🗓 10/9 23:30 CST
No—a negative funding rate doesn’t mean everyone is bearish.
Let me put it plainly: it tells you just one thing—right now in perpetual futures, are longs paying shorts, or are shorts paying longs? When it’s positive, longs pay, which means long positions are more crowded. When it’s negative, shorts pay, which means short positions are more crowded. It measures positioning crowding—not where prices are headed.
The numbers right in front of us are enough to debunk this misconception. KAIA is up 38.51% in 24 hours, yet its current funding rate is -0.22215%. RLC is up 31.33%, with a rate of -0.22842%. Even SKL is up 5.25% while its rate sits at -0.33691%. Coins are rising while funding rates are negative—that’s exactly why funding rates don’t predict direction. What they’re really useful for is reminding you which side is piled high with leverage. If the market jolts the other way, that side is more likely to get squeezed out. Treating it as a directional signal will lead you astray.
Are you seeing money flowing in, or just leverage piling up?
—— Alpha Quantitative Technology
The above is a market update and personal opinion. It is not investment advice, and no returns are guaranteed. Futures are leveraged products. Make your own decisions; you are responsible for your own gains and losses.
$BTC $ETH $SOXS #合约 #合约交易 #LiveTradingLog
🗓 10/9 23:30 CST
No—a negative funding rate doesn’t mean everyone is bearish.
Let me put it plainly: it tells you just one thing—right now in perpetual futures, are longs paying shorts, or are shorts paying longs? When it’s positive, longs pay, which means long positions are more crowded. When it’s negative, shorts pay, which means short positions are more crowded. It measures positioning crowding—not where prices are headed.
The numbers right in front of us are enough to debunk this misconception. KAIA is up 38.51% in 24 hours, yet its current funding rate is -0.22215%. RLC is up 31.33%, with a rate of -0.22842%. Even SKL is up 5.25% while its rate sits at -0.33691%. Coins are rising while funding rates are negative—that’s exactly why funding rates don’t predict direction. What they’re really useful for is reminding you which side is piled high with leverage. If the market jolts the other way, that side is more likely to get squeezed out. Treating it as a directional signal will lead you astray.
Are you seeing money flowing in, or just leverage piling up?
—— Alpha Quantitative Technology
The above is a market update and personal opinion. It is not investment advice, and no returns are guaranteed. Futures are leveraged products. Make your own decisions; you are responsible for your own gains and losses.