Funding rates are biting: $JST open interest surges 17%
Funding rates are already biting. -0.0061%.
Price -4.9%, current price 0.13303.
Open interest +17.0%: 6.8M > 6.9M > 7.1M > 7.9M.
24h trading volume $5.7M.
Price is falling, and positions are still being added. Real money is on the line.
The funding rate has moved from -0.0009% to -0.0061%. Shorts are in control. The cost to short is being pushed higher.
Market cap $1.32B, spot activity is there, 10 news items, and Kraken’s $90,000 Reef Program is still running. Attention doesn’t determine direction.
Low prices + deeply negative funding rates are fuel for short covering, not a guarantee of a rebound.
First, watch whether funding rates converge or keep falling. Don’t amplify leverage; make sure you understand your own holding costs.
Negative funding rates don’t mean it’s cheap. They just mean someone is temporarily paying for your position—and they can leave at any time.
#JST #币安 #Bitcoin
Funding rates are already biting. -0.0061%.
Price -4.9%, current price 0.13303.
Open interest +17.0%: 6.8M > 6.9M > 7.1M > 7.9M.
24h trading volume $5.7M.
Price is falling, and positions are still being added. Real money is on the line.
The funding rate has moved from -0.0009% to -0.0061%. Shorts are in control. The cost to short is being pushed higher.
Market cap $1.32B, spot activity is there, 10 news items, and Kraken’s $90,000 Reef Program is still running. Attention doesn’t determine direction.
Low prices + deeply negative funding rates are fuel for short covering, not a guarantee of a rebound.
First, watch whether funding rates converge or keep falling. Don’t amplify leverage; make sure you understand your own holding costs.
Negative funding rates don’t mean it’s cheap. They just mean someone is temporarily paying for your position—and they can leave at any time.
#JST #币安 #Bitcoin