Nightfall futures ledger scan—a veteran payment coin has dug a roughly 10-point hole over the week and is still down about 3% today, yet the long seats remain pinned at around 76%, while the inverted funding rate of about −0.019%/8h is still paying a subsidy.
$BCH: down about −3.2% in a day / −10% in a week; account long/short ratio around 3.1 (about 76% long); inverted funding rate around −0.019%/8h; OI around −1.3%. Price is digging a hole, long seats are pinned, and yet they’re still collecting inverted funding—don’t assume 259 means the flush is over.
In the same arena, $ADA has about 72% long seats, with funding at the ceiling of about +0.01%/8h—they’re paying rent.
Collecting subsidies while keeping long seats pinned: are shorts doing the dumping, or are longs too crowded on the dip-buy? Drop a counterexample in the comments.
#midnovembermarket
$BCH: down about −3.2% in a day / −10% in a week; account long/short ratio around 3.1 (about 76% long); inverted funding rate around −0.019%/8h; OI around −1.3%. Price is digging a hole, long seats are pinned, and yet they’re still collecting inverted funding—don’t assume 259 means the flush is over.
In the same arena, $ADA has about 72% long seats, with funding at the ceiling of about +0.01%/8h—they’re paying rent.
Collecting subsidies while keeping long seats pinned: are shorts doing the dumping, or are longs too crowded on the dip-buy? Drop a counterexample in the comments.
#midnovembermarket
