Up 12.4%, but funding rate turns negative? $PYTH
The price is up 12.4%—so why has the funding rate turned negative? Current price: 0.09387; 24-hour volume: $121.5M. Money is flowing, but traders can’t agree on the direction?
OI +27.6%: 12.0M→12.4M→13.2M→15.4M. Are traders adding positions as the price falls? No—they’re adding as it rises. Who’s chasing?
Bulls say: Up 12.4%, volume at $121.5M, market cap at $743.5M, and the Grayscale Pyth Trust just celebrated its first anniversary—I’m winning.
Bears say: The funding rate fell from +0.0000% to -0.0001%—I’m winning.
Don’t rush to claim the prize. Bears, a negative funding rate doesn’t mean you’re safe—costs are starting to rise. Bulls, the more people chase, the greater the chance leverage gets caught on the wrong side.
With 10 news stories hyping it up, the hotter the buzz, the more people get caught in the middle.
Don’t guess the direction. Calculate your costs first, then check your position. Wait for confirmation—not liquidation.
Leverage won’t charge you a cent less just because you got the direction right.
#PYTH #币安 #Bitcoin
The price is up 12.4%—so why has the funding rate turned negative? Current price: 0.09387; 24-hour volume: $121.5M. Money is flowing, but traders can’t agree on the direction?
OI +27.6%: 12.0M→12.4M→13.2M→15.4M. Are traders adding positions as the price falls? No—they’re adding as it rises. Who’s chasing?
Bulls say: Up 12.4%, volume at $121.5M, market cap at $743.5M, and the Grayscale Pyth Trust just celebrated its first anniversary—I’m winning.
Bears say: The funding rate fell from +0.0000% to -0.0001%—I’m winning.
Don’t rush to claim the prize. Bears, a negative funding rate doesn’t mean you’re safe—costs are starting to rise. Bulls, the more people chase, the greater the chance leverage gets caught on the wrong side.
With 10 news stories hyping it up, the hotter the buzz, the more people get caught in the middle.
Don’t guess the direction. Calculate your costs first, then check your position. Wait for confirmation—not liquidation.
Leverage won’t charge you a cent less just because you got the direction right.
#PYTH #币安 #Bitcoin