As of around 09:31 Moscow time, Binance BTCUSDT's predicted/current funding rate was around +0.005551%, back in positive territory. The next settlement is at 11:00 Moscow time on 11-14. The 03:00 Moscow time settlement on 11-14 came in at +0.005972%. The rate that turned positive is the predicted/current rate, not a settled rate that has already reached this level.
Binance's account-wide long/short ratio for USDⓈ-M contracts was around 3.17 at 09:00 Moscow time, with long accounts at about 76.0%. The top traders' position long/short ratio fell from around 2.12 at 04:00 to around 1.89 at 08:00, then recovered to around 1.96 at 09:00 (top traders' positions were about 66.2% long). SOLUSDT's current/predicted funding rate was around -0.007763%, with its next settlement also at 11:00 Moscow time.
One interpretation is that BTC's funding rate has turned positive again; another is that accounts are still heavily skewed long. A positive funding rate doesn't mean the crowding has eased. Price volatility risk remains, and this is not a recommendation to buy or sell. If the rate turns negative and the long/short ratio declines, this divergence will ease; if the rate stays positive while the share of long accounts doesn't fall, you can't assume the crowding has eased.
What does this mean for you: are you putting more weight on the funding rate turning positive again, or are you still wary of accounts being heavily skewed long?
$BTC $SOL #资金费率 #Market
Binance's account-wide long/short ratio for USDⓈ-M contracts was around 3.17 at 09:00 Moscow time, with long accounts at about 76.0%. The top traders' position long/short ratio fell from around 2.12 at 04:00 to around 1.89 at 08:00, then recovered to around 1.96 at 09:00 (top traders' positions were about 66.2% long). SOLUSDT's current/predicted funding rate was around -0.007763%, with its next settlement also at 11:00 Moscow time.
One interpretation is that BTC's funding rate has turned positive again; another is that accounts are still heavily skewed long. A positive funding rate doesn't mean the crowding has eased. Price volatility risk remains, and this is not a recommendation to buy or sell. If the rate turns negative and the long/short ratio declines, this divergence will ease; if the rate stays positive while the share of long accounts doesn't fall, you can't assume the crowding has eased.
What does this mean for you: are you putting more weight on the funding rate turning positive again, or are you still wary of accounts being heavily skewed long?
$BTC $SOL #资金费率 #Market