$CKB is up 23.37% today. The first thing I checked wasn’t the candlestick chart—it was the funding rate.
The spot price is 0.001774, already 19% off today’s high. But the perpetuals funding rate is -0.1506%—negative. That means shorts are paying longs over this 8-hour period. And it was still -0.058% at midnight last night, then -0.127% at 8 a.m.—getting more negative all the way. The price is rising, the funding rate is getting more negative, and open interest in the contracts is only 5.95 million U.
I checked on my phone while squeezing onto the subway this morning. I was going to chase the rally. Last week, I got burned doing exactly that: saw it was up twenty-something percent and jumped in, then watched it drop around 20% over the next two days. I was completely numb. This time, I did the math first—if leverage were really driving the move, the funding rate shouldn’t be negative.
Anyway, I wasn’t sure at the time, so I stayed out because those numbers didn’t add up. This time, I got it right.
What do you think is behind this move—steady spot buying, or shorts waiting below to get squeezed?
#数据视角 #RetailTraderLife
The spot price is 0.001774, already 19% off today’s high. But the perpetuals funding rate is -0.1506%—negative. That means shorts are paying longs over this 8-hour period. And it was still -0.058% at midnight last night, then -0.127% at 8 a.m.—getting more negative all the way. The price is rising, the funding rate is getting more negative, and open interest in the contracts is only 5.95 million U.
I checked on my phone while squeezing onto the subway this morning. I was going to chase the rally. Last week, I got burned doing exactly that: saw it was up twenty-something percent and jumped in, then watched it drop around 20% over the next two days. I was completely numb. This time, I did the math first—if leverage were really driving the move, the funding rate shouldn’t be negative.
Anyway, I wasn’t sure at the time, so I stayed out because those numbers didn’t add up. This time, I got it right.
What do you think is behind this move—steady spot buying, or shorts waiting below to get squeezed?
#数据视角 #RetailTraderLife