Short sellers are paying out despite a contract funding rate of -0.407%. The top loser on the 24-hour decline list, $BARD , still plunged -24.15% 😳. The next one, $SOXLB , fell -15.46%, and $SNDKB dropped -8.51%.
A negative funding rate means shorts are paying longs—the short side is overcrowded. Its 24-hour trading volume surged to 2.3 times its 7-day daily average. Over the same period, BTC was down -3.45%. The broader market is falling, but this one is getting hit much harder.
Not long ago, it was still up +12.7% over the past 7 days. After this plunge, it’s now 31.0% below its 30-day high of 0.1799. Anyone holding BARD still hanging on?
A negative funding rate means shorts are paying longs—the short side is overcrowded. Its 24-hour trading volume surged to 2.3 times its 7-day daily average. Over the same period, BTC was down -3.45%. The broader market is falling, but this one is getting hit much harder.
Not long ago, it was still up +12.7% over the past 7 days. After this plunge, it’s now 31.0% below its 30-day high of 0.1799. Anyone holding BARD still hanging on?
