$LSK funding rate -0.700%/4h, annualized -1532%. The price is still rising, while shorts are paying out every four hours and getting dragged along by the price all the way up
· Open interest up 13.8% in 24h, reaching $8.5 million
· Open interest/market cap: 18.8%; futures trading volume is 9 times spot volume
· Long/short account ratio: 1.28, up 16.1% in 24h
Lisk is a veteran project from 2016 that is now pivoting to become an enterprise treasury operations platform, helping companies manage accounts and payments between fiat and stablecoins. LSK serves as a loyalty token within the platform.
The funding rate has been slashed from -0.1% to -0.7%. With both the price and open interest rising, it suggests that most of the new positions are shorts. There are more longs by account count, but shorts hold larger positions—a setup of retail traders going long while whales go short. Pricing power lies with the futures market. If shorts can't hold out, a short squeeze could follow; if they can, longs keep paying every funding interval. Either side could give way first, triggering a sharp wick. Another possibility is that these shorts are hedges against spot positions, with someone accumulating spot, in which case there may be less fuel for a squeeze than it appears.
The circulating supply is 73.4%, and FDV is only 1.4 times the market cap, so unlocking pressure is limited. The price is still down over 30 days. This rally looks more like an oversold bounce amplified by funding-rate pressure. It will take time for the pivot to generate real revenue, so this is mainly a short-term trading play.
#LSK #资金费率 #DemonCoin
· Open interest up 13.8% in 24h, reaching $8.5 million
· Open interest/market cap: 18.8%; futures trading volume is 9 times spot volume
· Long/short account ratio: 1.28, up 16.1% in 24h
Lisk is a veteran project from 2016 that is now pivoting to become an enterprise treasury operations platform, helping companies manage accounts and payments between fiat and stablecoins. LSK serves as a loyalty token within the platform.
The funding rate has been slashed from -0.1% to -0.7%. With both the price and open interest rising, it suggests that most of the new positions are shorts. There are more longs by account count, but shorts hold larger positions—a setup of retail traders going long while whales go short. Pricing power lies with the futures market. If shorts can't hold out, a short squeeze could follow; if they can, longs keep paying every funding interval. Either side could give way first, triggering a sharp wick. Another possibility is that these shorts are hedges against spot positions, with someone accumulating spot, in which case there may be less fuel for a squeeze than it appears.
The circulating supply is 73.4%, and FDV is only 1.4 times the market cap, so unlocking pressure is limited. The price is still down over 30 days. This rally looks more like an oversold bounce amplified by funding-rate pressure. It will take time for the pivot to generate real revenue, so this is mainly a short-term trading play.
#LSK #资金费率 #DemonCoin
