Attention, community! 📉 The start of this Saturday brings us a figure we cannot ignore in Midnight ($NIGHT). The Funding Rate stands at -0.02713%.
What does this mean for us?
Short Pressure: Currently, sellers are paying buyers to maintain their positions. This often happens when the market is "oversold" or there is too much accumulated pessimism.
Bounce Potential: Historically, a sustained negative rate can be the fuel for an unexpected bullish move if the price manages to break the immediate resistance.
Closing Data: We saw that the price mark stayed close to 0.0496 at the start of the day, demonstrating significant resilience against liquidations.
Market sentiment is tense, but with technical signals for a possible bounce.
NIGHTUSDT
Perp
0.0511
+1.14%
BTCUSDT
Perp
74,221.1
+0.32%
BNBUSDT
Perp
674.74
-1.47%
#Write2Earn #NIGHT #FundingRates #ShortSqueeze #BinanceSquare