$RSR funding rate: -1.3063%. Shorts are paying longs; normally, it's around 0.01%. The Upbit KRW market listing may be related to this move, with trading volume reaching 26.9 times the daily average. A negative funding rate only indicates that shorts are overcrowded; it doesn't indicate direction. Watch for when the rate returns to zero. If it remains deeply negative, it means shorts haven't given up.

Just a personal note; this is not investment advice.