Conclusion: The gains from the peak have been wiped out, yet shorts are still paying continuously.
$CYBER contract at around 0.271.
High: 0.340; low: 0.252.
Daily volume: around 103 million U.
Spot up around 4.2%, with volume of around 10.79 million.
Funding rates have been negative consecutively.
In the funding period at midnight today, shorts paid around 0.20% every 4 hours;
the latest rate was around -0.13%.
Open interest rose from around 13.84 million to 17.27 million contracts in one day.
Current notional value is around 4.66 million U,
having reached around 7.3 million near last night's peak.
Long and short positions across accounts are roughly evenly split.
I couldn't find any new official announcement today.
For now, treat it as a battle over capital.
$CYBER #Cyber #Funding Rate
Personal opinion only; not investment advice
$CYBER contract at around 0.271.
High: 0.340; low: 0.252.
Daily volume: around 103 million U.
Spot up around 4.2%, with volume of around 10.79 million.
Funding rates have been negative consecutively.
In the funding period at midnight today, shorts paid around 0.20% every 4 hours;
the latest rate was around -0.13%.
Open interest rose from around 13.84 million to 17.27 million contracts in one day.
Current notional value is around 4.66 million U,
having reached around 7.3 million near last night's peak.
Long and short positions across accounts are roughly evenly split.
I couldn't find any new official announcement today.
For now, treat it as a battle over capital.
$CYBER #Cyber #Funding Rate
Personal opinion only; not investment advice