Price down 6%, yet longs are still the ones paying. 👀
$ZEC is -6.00% in the last 24 hours and -12.28% over 7d, at $1,241.
24h range is $1,227 to $1,348, so it's sitting near the bottom.
Today's idea: the perp funding rate.
Perps never expire, so a small fee passes between longs and shorts to keep perp price close to spot. Positive means longs pay shorts. Negative means shorts pay longs.
$ZEC funding is +0.009%. Tiny number, but the sign says traders are still leaning long into a falling price. Compare $AVAX at -0.010%, where shorts pay. $BTC sits at -0.002%.
Funding alone isn't a signal. Crowded longs can get flushed if support gives way. I'm watching whether $1,227 holds and whether funding cools off.
I found no confirmed catalyst for this move, so this is just the data. 📊
Do you check funding before you open a trade, or after?
Heads up: Binance pays me a commission if you trade after tapping a coin in this post. Do your own research.
#Zcash #FundingRate #CryptoEducation #Perps
$ZEC is -6.00% in the last 24 hours and -12.28% over 7d, at $1,241.
24h range is $1,227 to $1,348, so it's sitting near the bottom.
Today's idea: the perp funding rate.
Perps never expire, so a small fee passes between longs and shorts to keep perp price close to spot. Positive means longs pay shorts. Negative means shorts pay longs.
$ZEC funding is +0.009%. Tiny number, but the sign says traders are still leaning long into a falling price. Compare $AVAX at -0.010%, where shorts pay. $BTC sits at -0.002%.
Funding alone isn't a signal. Crowded longs can get flushed if support gives way. I'm watching whether $1,227 holds and whether funding cools off.
I found no confirmed catalyst for this move, so this is just the data. 📊
Do you check funding before you open a trade, or after?
Heads up: Binance pays me a commission if you trade after tapping a coin in this post. Do your own research.
#Zcash #FundingRate #CryptoEducation #Perps