$CARV funding rate: -0.204%/4h, annualized -447%. The previous few periods were still at the 0.005% baseline, then it suddenly plunged deep into negative territory.
· Open interest up 74.2% in 24h, reaching $1.38 million
· Open interest/market cap: 5.5%; contract trading still doesn’t have much influence
· Long/short account ratio: 1.69, up 14.6% in 24h
CARV is building an identity and data layer for on-chain AI Agents. Put simply, it gives AI an ID card that can be verified and retain memories.
The price is rising while the funding rate is deeply negative, which suggests some traders have been continuously opening shorts as the price climbs. There are more long accounts, but the short positions are probably larger. In this setup, the faster the price rises, the more likely it is to trigger stop-losses and a short squeeze. Another possibility is that traders are moving between futures and spot to hedge; if so, the funding rate could stay negative without any further price action. The market itself is very small, and a few million dollars can push the price around, making either side difficult to hold.
There are unlocks for the node and community on November 9, totaling about 9.75 million tokens, or less than 1.5% of the circulating supply. That’s not a large amount, but with the funding rate this negative, watch for anyone taking the opportunity to dump tokens that day. The circulating supply is already at 73.7%, so long-term dilution pressure is limited.
#CARV #资金费率 #weirdcoin
· Open interest up 74.2% in 24h, reaching $1.38 million
· Open interest/market cap: 5.5%; contract trading still doesn’t have much influence
· Long/short account ratio: 1.69, up 14.6% in 24h
CARV is building an identity and data layer for on-chain AI Agents. Put simply, it gives AI an ID card that can be verified and retain memories.
The price is rising while the funding rate is deeply negative, which suggests some traders have been continuously opening shorts as the price climbs. There are more long accounts, but the short positions are probably larger. In this setup, the faster the price rises, the more likely it is to trigger stop-losses and a short squeeze. Another possibility is that traders are moving between futures and spot to hedge; if so, the funding rate could stay negative without any further price action. The market itself is very small, and a few million dollars can push the price around, making either side difficult to hold.
There are unlocks for the node and community on November 9, totaling about 9.75 million tokens, or less than 1.5% of the circulating supply. That’s not a large amount, but with the funding rate this negative, watch for anyone taking the opportunity to dump tokens that day. The circulating supply is already at 73.7%, so long-term dilution pressure is limited.
#CARV #资金费率 #weirdcoin
