🚨 $INIT jumped nearly 39% — while SHORT traders paid over 1% funding in a single 4-hour period
And there's another twist: Initia's rollups are temporarily paused again
Here's what the Binance data reveals 👇
📈 INIT Spot: +38.9% in 24 hours
💰 Futures volume: $274.7M
📊 Open Interest measured in INIT: +46.7%
But the latest settled funding rate was −1.0176% for just ONE 4-hour period
$INIT
That means shorts paid longs despite the sharp rally
INIT perpetuals also traded below their index price, showing a significant derivatives-market discount
Why does this matter?
A rising price doesn't necessarily mean leveraged traders agree on where the market goes next
⚠️ Meanwhile, Initia confirmed a new rollup infrastructure issue
Affected rollups were temporarily paused, while the L1 remains operational
The team says it has not identified any impact on user funds so far
This follows October's separate MoveVM exploit and the network's November 2 restart
There's no confirmed evidence linking the new interruption to the earlier exploit — or explaining today's rally
📌 Watch rollup recovery, funding resets, open interest and Spot liquidity
When price moves up but derivatives positioning remains under pressure, the real story is the disagreement beneath the rally
#INIT #Initia #CryptoMarkets
And there's another twist: Initia's rollups are temporarily paused again
Here's what the Binance data reveals 👇
📈 INIT Spot: +38.9% in 24 hours
💰 Futures volume: $274.7M
📊 Open Interest measured in INIT: +46.7%
But the latest settled funding rate was −1.0176% for just ONE 4-hour period
$INIT
That means shorts paid longs despite the sharp rally
INIT perpetuals also traded below their index price, showing a significant derivatives-market discount
Why does this matter?
A rising price doesn't necessarily mean leveraged traders agree on where the market goes next
⚠️ Meanwhile, Initia confirmed a new rollup infrastructure issue
Affected rollups were temporarily paused, while the L1 remains operational
The team says it has not identified any impact on user funds so far
This follows October's separate MoveVM exploit and the network's November 2 restart
There's no confirmed evidence linking the new interruption to the earlier exploit — or explaining today's rally
📌 Watch rollup recovery, funding resets, open interest and Spot liquidity
When price moves up but derivatives positioning remains under pressure, the real story is the disagreement beneath the rally
#INIT #Initia #CryptoMarkets
