With the funding rate at negative 0.2354 percentage points, the short sellers at $STEEM are clearly willing to pay. Over the past 24 hours, the price was pushed to 0.05098, up 4.85%, while volume also climbed to 903667, with buyers on the order book becoming noticeably more aggressive.
With the rate this far into negative territory, it means those betting on a decline are steadily paying a cost, yet the price hasn’t gone down. This divergence is right there in front of us—the main signal is already clear enough.
The rate is still in negative territory. How far do you think this wave of buying can hold up?
$STEEM #MarketAnalysis
The above is for informational purposes only and does not constitute investment advice. Please make your own independent judgment.
With the rate this far into negative territory, it means those betting on a decline are steadily paying a cost, yet the price hasn’t gone down. This divergence is right there in front of us—the main signal is already clear enough.
The rate is still in negative territory. How far do you think this wave of buying can hold up?
$STEEM #MarketAnalysis
The above is for informational purposes only and does not constitute investment advice. Please make your own independent judgment.
