Here's the takeaway: RLC funding rates have turned negative on all three exchanges, meaning shorts are paying longs. Bybit's rate per 8-hour period has fallen as low as -0.24%.
The latest funding rates are -0.124% on Binance, -0.239% on Bybit, and -0.126% on Gate. With settlement every 8 hours, shorts have to pay longs each time. The more negative the rate, the higher the cost of holding a short—so don't chase the drop based on direction alone.
RLC liquidations totaled 2.58 million over the past 24 hours, with 1.27 million from shorts and 1.31 million from longs—almost evenly split. Funding rates favor longs, but liquidations show no clear bias, suggesting leverage on both sides is being cleared out.
$RLC $BTC
Funding rates have turned negative, but liquidations are balanced. Would you wait for a rebound or stay bearish?
View in real time: https://www.coinboss.com/funding-rate