$1000XEC funding rate turns negative; shorts start paying
+10.4%. This is not trading volume—it’s open interest (OI)—the one section shorts least want to see is rising.
First strike: Current price 0.008726, 24h +11.4%. Shorts are bleeding on paper; 24h trading volume is $7.0M, not huge—so the rally isn’t noisy.
Second strike: OI +10.4%, 1.4M→1.4M→1.5M→1.6M, four step-ups, each higher than the last. The other side is adding real money.
Third strike: Funding rate flips from +0.0037% to -0.0007%, turning around mid-fight. Bears gain the upper hand; the cost of holding shorts starts to rise.
Allocating negative funding rates at low levels is where short covering is most likely to happen. Covering doesn’t equal a rebound, but getting squeezed feels more expensive than it does right now. The news also still has: Binance Delisting: MYRO and 1000XEC Perpetual Future—don’t only watch the funding rate.
Position cost, leverage multiplier, confirmation signals—three things not calculated clearly. Don’t move your hand.
Funding turning negative doesn’t mean the price will definitely fall. The first thing that gets deducted is always your margin.
#1000XEC #币安 #Bitcoin