$OP Someone is adding to positions amid calls for a drop
A drop? OP is up +11.3% over 24h.
Current price: 0.13569 USDT.
OI +19.8%.
Here’s the path: 16.8M > 16.7M > 17.1M > 20.1M.
In the final stretch, it jumped straight to 20.1M.
Trading volume: $86.0M. Market cap: $331.3M.
The funding rate flipped from +0.0005% to -0.0009%.
Shorts are starting to gain the upper hand. The cost of holding short positions is starting to rise.
Here’s what doesn’t add up: the price is high, money is flowing into positions, yet the funding rate has turned negative.
Who’s holding the bag? Who’s cashing in?
Negative funding isn’t a free lunch. At low prices, negative funding could be the trigger for a short squeeze—or fuel for another leg down.
The direction isn’t confirmed, so don’t rush to pick a side.
Keep an eye on your position cost, leverage, and the next funding rate change.
Risk warning: Negative funding can keep eating into shorts’ margin. If the price moves up another notch, the first thing to get liquidated won’t be the market—it’ll be your position.
#OP #币安 #Bitcoin
A drop? OP is up +11.3% over 24h.
Current price: 0.13569 USDT.
OI +19.8%.
Here’s the path: 16.8M > 16.7M > 17.1M > 20.1M.
In the final stretch, it jumped straight to 20.1M.
Trading volume: $86.0M. Market cap: $331.3M.
The funding rate flipped from +0.0005% to -0.0009%.
Shorts are starting to gain the upper hand. The cost of holding short positions is starting to rise.
Here’s what doesn’t add up: the price is high, money is flowing into positions, yet the funding rate has turned negative.
Who’s holding the bag? Who’s cashing in?
Negative funding isn’t a free lunch. At low prices, negative funding could be the trigger for a short squeeze—or fuel for another leg down.
The direction isn’t confirmed, so don’t rush to pick a side.
Keep an eye on your position cost, leverage, and the next funding rate change.
Risk warning: Negative funding can keep eating into shorts’ margin. If the price moves up another notch, the first thing to get liquidated won’t be the market—it’ll be your position.
#OP #币安 #Bitcoin