$LPT funding rate turns negative as OI rises 10.4%
Just finished scanning Binance futures, and something looks off with
$LPT .
Price is 1.809 USDT, up just +2.3% over 24h—pretty subdued. But the funding rate slipped from -0.0004% to -0.0007%. It’s negative and still falling—shorts are starting to gain the upper hand, but the cost of holding short positions is rising.
Meanwhile, open interest is up 10.4%. The pattern is straightforward: it stayed flat at 3.4M for three intervals, then jumped straight to 3.8M in the last one. The price hasn’t fallen much, but money is flowing in. The battle between longs and shorts is intensifying.
24h trading volume: $12.3M; market cap: $90.4M. Spot trading pairs are available too. This is a small market, so even a little new capital can flip the funding rate.
Bottom line: negative funding + a low price + a moderate rise in OI—the fuse for a short squeeze is there, but it’s only a fuse, not the spark.
Will the funding rate keep falling? Will OI jump another notch? Until there’s confirmation, don’t add leverage; calculate your own costs.
Risk warning: the direction is still unclear, but the funding rate will charge you a toll first.
#LPT #币安 #Bitcoin