📊 MINA funding rate: -0.262%, annualized -286%. What does that mean? Shorts have to pay longs nearly 0.26% for every day they hold a position. Over a year, that would nearly wipe out their principal. Extremely negative funding rates usually mean shorts are backed into a corner—either hedging positions are overcrowded, or someone is aggressively shorting. My take is straightforward: at this funding rate, shorts won't be able to hold on for long; they'll either get liquidated or close their positions themselves, which could trigger an upside squeeze. But don't rush in—negative funding isn't a reversal signal. We need to see whether the underlying spot market has buying support.$MINA #资金费率 #Contract Watch