The short side is already overcrowded. The 4-hour funding rate for $OGN perpetuals has hit -0.2399%, meaning shorts have to pay. The mark price is 0.03801, the current price is 0.0384, up 25.61% over 24 hours, with $154 million in trading volume. There are about 239 minutes until the next settlement.
Over a longer time frame, I focus more on whether supply, revenue, and usage have changed. This update gives us no slow-moving indicators—only shorts paying -0.2399%. An extreme funding rate signals crowded positioning, not a change in usage. A short squeeze can happen fast; I just treat this as a temperature reading of market liquidity.
#资金费率 #仓位拥挤
Over a longer time frame, I focus more on whether supply, revenue, and usage have changed. This update gives us no slow-moving indicators—only shorts paying -0.2399%. An extreme funding rate signals crowded positioning, not a change in usage. A short squeeze can happen fast; I just treat this as a temperature reading of market liquidity.
#资金费率 #仓位拥挤