$Q is currently priced at 0.12997, up 107.46% in 24 hours, with $907 million in daily trading volume. The funding rate has been driven down to -0.2731%, and the long/short account ratio is only 0.47—clearly, a large number of shorts are subsidizing longs holding their positions. With funding rates extremely negative, the cost of holding short positions is too high, and the price will continue rising toward the 0.15 resistance level.

#FuturesOpenInterest

$Q