【Funding Rate Check】$GTC Up 38% yesterday, flat today, and the funding rate is down to just -0.008%, with open interest falling.
Compared with RSR's deeply negative funding rate of -2.00% yesterday, GTC's move this time is a spot-only pump—no one is paying to bet on it, and shorts aren't being squeezed.
This is the most boring setup: no fuel to rise, no catalyst to fall, unless a new narrative emerges during tonight's U.S. session.
My line: only worth watching if it breaks above yesterday's high on strong volume; otherwise, it's just a slow bleed wasting time. #GTC #FundingRate
Compared with RSR's deeply negative funding rate of -2.00% yesterday, GTC's move this time is a spot-only pump—no one is paying to bet on it, and shorts aren't being squeezed.
This is the most boring setup: no fuel to rise, no catalyst to fall, unless a new narrative emerges during tonight's U.S. session.
My line: only worth watching if it breaks above yesterday's high on strong volume; otherwise, it's just a slow bleed wasting time. #GTC #FundingRate