Scanning the losers on Thursday night, an old coin with an AI narrative has already given back about 14% in a week—but perpetuals are paying longs to stay in, and the seats are getting even more crowded.

$WLD : down about 3% in a day and 14% in a week. The account long/short ratio is around 2.63→2.93 (about 72%→75% long), funding is inverted at around -0.013%/8h, and OI is around 32.6M U, edging down slightly. Price is getting hammered, a little money is pulling out, but the number of longs is rising—and they’re getting paid to stay in. Don’t mistake 0.37 for a panic flush. Meanwhile, $SUI has a long/short ratio around 2.6, with funding at the ceiling and longs paying rent.

Do you think bears are squeezing longs hard, or have dip-buyers buried themselves halfway down the mountain?
#合约观察 #FundingRate