🚨 $T is down nearly 29% in 24 hours — but derivatives stress is easing
Here's the part worth watching 👇
Since this morning, the perpetual discount to index has narrowed from roughly 1.5% to 0.6%
Settled funding has also moved closer to zero, from −0.196% to −0.051%
Yet the spot price is still falling
$T
⚠️ Less negative funding doesn't mean buyers are back
Open interest is up 7% in token terms over 24 hours, while its dollar value is down nearly 17%
That gap matters — more open tokens don't automatically mean more capital at risk
📌 For now, funding normalization is a change in market pressure, not confirmation of a reversal
Watch price recovery alongside OI and the futures discount before calling a bottom
#threshold #BİNANCEFUTURES
Here's the part worth watching 👇
Since this morning, the perpetual discount to index has narrowed from roughly 1.5% to 0.6%
Settled funding has also moved closer to zero, from −0.196% to −0.051%
Yet the spot price is still falling
$T
⚠️ Less negative funding doesn't mean buyers are back
Open interest is up 7% in token terms over 24 hours, while its dollar value is down nearly 17%
That gap matters — more open tokens don't automatically mean more capital at risk
📌 For now, funding normalization is a change in market pressure, not confirmation of a reversal
Watch price recovery alongside OI and the futures discount before calling a bottom
#threshold #BİNANCEFUTURES
