According to Coinglass statistics, the average funding rate for the $BREV token on many exchanges is currently -2%. For such a strong manipulated coin, with such a high funding rate, it's not recommended to continue shorting it anymore—the funding rate is too harsh 😂
GM_Leo 李大奥
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An article to help you understand 'Funding Rate'
Recently, the average funding rate for $PIPPIN skyrocketed to -1.5%, causing many short sellers to incur significant losses just from the funding fees!
What exactly is the funding rate? Simply put, it is a mechanism used in perpetual contracts to balance the contract price with the spot price:
Contract price > Spot price → Funding rate is positive ✅ Long position pays short position Contract price < Spot price → Funding rate is negative ✅ Short position pays long position
Through periodic payments of the funding fee, it incentivizes the price to revert to the spot, avoiding long-term deviations.
🔢 The funding rate generally consists of two components: Interest rate component (e.g., USDC interest rate) Premium component (contract vs spot price difference) The formula is roughly: Funding rate = Premium Index + clamp(Interest Rate – Premium Index, -0.05%, 0.05%) There are slight differences among exchanges, but the logic is the same.
⏰ Payment frequency: Typically every 8 hours, but when the price deviates too much, it may be shortened to every 1–2 hours.
📊 Example: $BNB perpetual contract funding rate 0.01%, you hold a long position valued at $10,000: Every 8 hours pay: 10,000 × 0.01% = 1 USDT to the short position. If the rate is -0.01%, then the short position pays 1 USDT to the long position.
⚠️ Encountering a rate like -1.5% for $PIPPIN means that short positions have to pay a significant proportion of their position value to long positions every few hours — short selling requires not only directional accuracy but also managing funding rate pressure!
Therefore, when trading, it's also important to keep an eye on the funding rate to avoid incurring losses from it.
BNB Chain L2 Layer #opBNB has completed the Fourier mainnet hard fork, and opBNB speed has significantly improved! Halving the block time means faster transactions and a smoother user experience, which is undoubtedly good news for events #DeFi and #dApp
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$aster was unable to successfully break and hold the last high point of 0.8, and cannot rise temporarily. It is recommended to take profits for now.
GM_Leo 李大奥
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Bullish
$aster has broken through the consolidation range and stabilized, there should be a wave of increase coming 🚀. If you bought around 0.66 before, just hold on. If you want to be conservative, you can set a stop loss at 0.72 🤔
$aster has broken through the consolidation range and stabilized, there should be a wave of increase coming 🚀. If you bought around 0.66 before, just hold on. If you want to be conservative, you can set a stop loss at 0.72 🤔
GM_Leo 李大奥
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Bullish
If you choose to buy near the lower edge of the fluctuation range at 0.66, it has now risen to around the upper edge of the range at 0.73. It is recommended to take profits on part of your position and wait to see if it can break through further.
Time will prove everything, but I think this is a bad move. The biggest gains in this cycle have been made by those who continued to enter the market during the downturns of 2022 and 2023
Adversity creates opportunity, while good times are just the moment to cash it in.
Engaging in the cryptocurrency industry may mean enduring high pressure for consecutive months, sacrificing countless hours of sleep, and experiencing the impact of market fluctuations time and again. Sometimes, it even involves being in debt, having almost nothing, and hovering on the brink of collapse—yet still holding onto hope, persistently believing that the future will ultimately be bright.
Bitwise is making a new move in encryption, submitting applications for 11 counterfeit coin ETFs at once, covering popular coins such as AAVE, UNI, ZEC, CC, ENA, HYPE, NEAR, STRK, SUI, TAO, and TRX 🔥
Is the ETF frenzy about to return?
From the data, previously listed Solana, XRP, LTC, HBAR, LINK, DOGE, and other counterfeit coin ETFs did not drive prices up significantly like last year's Bitcoin ETF.
Except for the XRP ETF, which has maintained continuous net inflows, other counterfeit coin ETFs generally have low trading volumes, with some even having zero daily liquidity—the market's investment sentiment towards counterfeit coins does not seem to be high.
The current market environment is also different from last year: the overall trend of cryptocurrencies in the second half of this year is weak, and risk sentiment is rising. As high-volatility assets, counterfeit coins are more susceptible to selling pressure.
Although counterfeit coin ETFs can open up funding channels for traditional markets, compared to the current market size, the new funds may not be enough to support prices and could even be hedged against market selling pressure.
Do you think Bitwise's ETF application can ignite the market this time? Feel free to discuss👇
Gold and silver both fell, and the market generally expects funds to be shifting towards Bitcoin.
However, unexpectedly, the $BTC ETF has also seen net outflows for 7 consecutive days, marking the first time since April of this year that such a prolonged outflow trend has occurred.
In the coming days, multiple projects will have a large number of tokens unlocked into circulation, which may cause short-term selling pressure on the price. Please pay attention to the following time points:
🔓 $HYPE December 29, 15:30, unlock 9.92 million tokens (approximately 251 million USD), accounting for 2.87% of the circulating supply.
🔓 $SUI January 1, 8:00, unlock 43.69 million tokens (approximately 63.36 million USD), accounting for 1.17% of the circulating supply.
🔓 $EIGEN January 1, 12:00, unlock 36.82 million tokens (approximately 14.44 million USD), accounting for 9.74% of the circulating supply.
🔓 $KMNO December 30, 20:00, unlock 229 million tokens (approximately 11.71 million USD), accounting for 5.35% of the circulating supply.
🔓 $OP December 31, 8:00, unlock 31.34 million tokens (approximately 8.60 million USD), accounting for 1.65% of the circulating supply.
🔓 $ENA January 2, 15:00, unlock 40.63 million tokens (approximately 8.60 million USD), accounting for 0.56% of the circulating supply.
🔓 $ZORA December 30, 8:00, unlock 166 million tokens (approximately 6.70 million USD), accounting for 4.17% of the circulating supply.
If you choose to buy near the lower edge of the fluctuation range at 0.66, it has now risen to around the upper edge of the range at 0.73. It is recommended to take profits on part of your position and wait to see if it can break through further.
GM_Leo 李大奥
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Bullish
$Aster is currently oscillating and consolidating in the range of $0.66-$0.73, getting closer to a directional choice.
If it holds the support at $0.66, consider placing long positions nearby. If it rebounds to the upper edge of the range near $0.73, partial profit-taking can be done, and the remaining position should be monitored for a potential successful breakout. Pay attention to risk management and set a stop loss.