$HUMA funding rate: -0.041%/hour, annualized -358%. The last 8 periods have all been between -0.03% and -0.06%. It’s down 73.4% over 30 days, and shorts keep paying but still won’t leave
· 24h open interest -11.4%, remaining $5.84 million
· Open interest/market cap 36.9%; contract trading volume is 7.5x spot volume
· Long/short ratio by trader count: 0.66, with more short traders than long traders
Huma is a PayFi project. Simply put, it’s an on-chain channel that advances funds to institutions for things like cross-border payments and credit card settlement, using stablecoins for settlement
With the price down this much and the funding rate still so negative, it suggests shorts are following the trend with large positions. Both trader numbers and positions are skewed short, while open interest is also falling. This looks more like some shorts taking profits and some longs being shaken out, rather than a large influx of new shorts. With a high share of trading in contracts, a single rebound could squeeze the shorts crowded on one side. But without spot demand, any rebound is likely just a brief wick. If spot buyers keep staying away, shorts can simply keep collecting funding
Only 17.3% of the supply is circulating, and FDV is 5.8x the market cap. A large amount of tokens is still yet to be released, so even if a rebound comes, it will be difficult for it to develop into a sustained trend
#HUMA #资金费率 #wildcoin
· 24h open interest -11.4%, remaining $5.84 million
· Open interest/market cap 36.9%; contract trading volume is 7.5x spot volume
· Long/short ratio by trader count: 0.66, with more short traders than long traders
Huma is a PayFi project. Simply put, it’s an on-chain channel that advances funds to institutions for things like cross-border payments and credit card settlement, using stablecoins for settlement
With the price down this much and the funding rate still so negative, it suggests shorts are following the trend with large positions. Both trader numbers and positions are skewed short, while open interest is also falling. This looks more like some shorts taking profits and some longs being shaken out, rather than a large influx of new shorts. With a high share of trading in contracts, a single rebound could squeeze the shorts crowded on one side. But without spot demand, any rebound is likely just a brief wick. If spot buyers keep staying away, shorts can simply keep collecting funding
Only 17.3% of the supply is circulating, and FDV is 5.8x the market cap. A large amount of tokens is still yet to be released, so even if a rebound comes, it will be difficult for it to develop into a sustained trend
#HUMA #资金费率 #wildcoin
