At 13:39 on November 9, the latest HMSTR perpetual contract price was 0.000125 USDT. Over the past 24 hours, HMSTR fell 11.94%. At the same time, the 24-hour contract trading volume was $13.4M, and the market cap was $8.0M.
The funding rate changed from the previous reading of +0.0050% to -0.0028%. Binance perpetual contract funding fees are settled every 8 hours. With a negative rate, longs receive fees at settlement, while shorts pay them. People holding HMSTR long positions receive money every 8 hours, while those holding short positions pay money every 8 hours. The rate changes; this is just the reading at 13:39.
Open interest increased 15.6% from the previous reading. The most recent open interest readings, in order, were $1.8M, $2.1M, $2.4M, and $2.1M. My assessment is that this increase in open interest was mainly driven by shorts, based on the funding rate turning negative while the price fell 11.94% over 24 hours.
It is still unclear whether the increase in open interest is sustained. Open interest fell back to $2.1M after reaching $2.4M, so the 15.6% increase may have been just a one-off jump. The missing data are the long-short account ratio and large individual trades; neither is available this time.
There are 10 recent related news items. One headline reads “DWF Labs withdrew 156.44 million HMSTR from the exchange in”. The headline is cut off here, and I don't have the rest.
#HMSTR #币安 #Bitcoin
The funding rate changed from the previous reading of +0.0050% to -0.0028%. Binance perpetual contract funding fees are settled every 8 hours. With a negative rate, longs receive fees at settlement, while shorts pay them. People holding HMSTR long positions receive money every 8 hours, while those holding short positions pay money every 8 hours. The rate changes; this is just the reading at 13:39.
Open interest increased 15.6% from the previous reading. The most recent open interest readings, in order, were $1.8M, $2.1M, $2.4M, and $2.1M. My assessment is that this increase in open interest was mainly driven by shorts, based on the funding rate turning negative while the price fell 11.94% over 24 hours.
It is still unclear whether the increase in open interest is sustained. Open interest fell back to $2.1M after reaching $2.4M, so the 15.6% increase may have been just a one-off jump. The missing data are the long-short account ratio and large individual trades; neither is available this time.
There are 10 recent related news items. One headline reads “DWF Labs withdrew 156.44 million HMSTR from the exchange in”. The headline is cut off here, and I don't have the rest.
#HMSTR #币安 #Bitcoin