The setup that just flashed on the order book looks contradictory: $SOL is near the daily high, but the long-side funding cost is maxed out.
Price is 113.2, up 3.3% on the day and just 0.19% below the high.
OKX funding is capped at 0.01%; HL open interest is 662 million, with 127 million in daily notional volume.
BN volume is 141 million.
With funding maxed out near the high, crowded positioning matters more than a breakout.
I’m betting on a pullback. I’ll change my mind only if the funding rate drops below 0.005%.
#Solana生态 #FundingRate
Price is 113.2, up 3.3% on the day and just 0.19% below the high.
OKX funding is capped at 0.01%; HL open interest is 662 million, with 127 million in daily notional volume.
BN volume is 141 million.
With funding maxed out near the high, crowded positioning matters more than a breakout.
I’m betting on a pullback. I’ll change my mind only if the funding rate drops below 0.005%.
#Solana生态 #FundingRate