Just scanned the Binance futures data, and the funding rate for $ZAMA is quite interesting.
Current price is 0.0362 USDT, up 6.1% in the last 24 hours. The contract open interest has also increased by 8.5%, gradually pushing from 6.3M to 6.8M. Trading volume hit 16.7 million, with a market cap of 85.9 million, and spot trading pairs are active too. However, the funding rate flipped from +0.0002% to -0.0005%, turning negative — shorts are definitely piling in.
The moderate increase in open interest indicates funds are still flowing in, and market attention is clearly rising. But with prices up and the funding rate turning negative, this scenario is pretty classic: bulls are holding up the price while bears are stacking positions behind, creating a typical 'short fuel' pattern. Once the bears can't handle the funding costs and start closing their positions, we could easily see a short squeeze rally. Recently, there have been 10 news articles, and media attention is quite high. RootData mentioned that $ZAMA is set to unlock about 8.74 million tokens, plus 454 smart money addresses are watching, indicating strong institutional/KOL interest.
For those holding short positions in $ZAMA , keep an eye on the funding rate; once it turns negative, your holding costs will gradually creep up. Looking to make moves...
Current price is 0.0362 USDT, up 6.1% in the last 24 hours. The contract open interest has also increased by 8.5%, gradually pushing from 6.3M to 6.8M. Trading volume hit 16.7 million, with a market cap of 85.9 million, and spot trading pairs are active too. However, the funding rate flipped from +0.0002% to -0.0005%, turning negative — shorts are definitely piling in.
The moderate increase in open interest indicates funds are still flowing in, and market attention is clearly rising. But with prices up and the funding rate turning negative, this scenario is pretty classic: bulls are holding up the price while bears are stacking positions behind, creating a typical 'short fuel' pattern. Once the bears can't handle the funding costs and start closing their positions, we could easily see a short squeeze rally. Recently, there have been 10 news articles, and media attention is quite high. RootData mentioned that $ZAMA is set to unlock about 8.74 million tokens, plus 454 smart money addresses are watching, indicating strong institutional/KOL interest.
For those holding short positions in $ZAMA , keep an eye on the funding rate; once it turns negative, your holding costs will gradually creep up. Looking to make moves...