JCT's funding rate is still high. On Binance, longs pay 0.062% every 8 hours, so anyone chasing longs pays up first.
The latest funding rates are 0.062% on Binance, 0.005% on Bybit, and 0.0191% on Gate. The direction is consistent: longs pay shorts. Binance's rate is several times the usual level, indicating that long positions are clearly crowded, and funding costs will continue to eat into returns.
But a high funding rate doesn't mean the price will drop right away. What you really need to watch out for is longs continuing to add positions while the price moves sideways. If you want to chase JCT, first calculate the holding cost every 8 hours—don't just look at one bullish candlestick.
Will you wait for the funding rate to fall, or keep chasing longs?
View in real time: https://www.coinboss.com/zh/funding-rate