Goldfish, I was just about to write that the shakeout was over, but the density proved me wrong.
$BNB has about 47.86 million in positions, with daily notional around 9.97 million and density at 4.8.
OKX’s funding rate is capped at 0.01%, while HL is around -0.0027%.
Current price: 746, down 1.2% on the day.
I’m betting density drops below 3 first. If I’m wrong, I’ll watch whether the funding rates on both sides are still pulling in opposite directions.
#BNB库存 #FundingRateTiers
$BNB has about 47.86 million in positions, with daily notional around 9.97 million and density at 4.8.
OKX’s funding rate is capped at 0.01%, while HL is around -0.0027%.
Current price: 746, down 1.2% on the day.
I’m betting density drops below 3 first. If I’m wrong, I’ll watch whether the funding rates on both sides are still pulling in opposite directions.
#BNB库存 #FundingRateTiers