USELESS has plunged more than 10% on both exchanges, yet Binance funding is still around +0.000134—longs are still paying through the nose. Long-account ratios are about 47.7% on Binance and 41.2% on OKX. Neither exchange is tilted toward longs, and shorts still have a slight edge.

Price quotes: USELESS at about 0.16404 on Binance (-10.3360%) and 0.16405 on OKX (-10.3993%). BTC at about 79729.9 on Binance (-1.4660%) and 79724.7 on OKX (-1.4861%).

Price is deep in the red, yet funding is still making longs pay—this looks more like leveraged longs haven’t fully cleared out during the drop, while shorts are still collecting the subsidy. The positioning is completely out of sync.

#USELESS #资金费率 #多空比 #FuturesMarket

With the price down 10% and funding rates still maxed out, with longs paying, is USELESS more likely to see longs keep capitulating or shorts cover first?

View in real time: https://www.coinboss.com/currencies/USELESS