Since December 1st, the funding rate has been negative, and yesterday it reached a rate of -1% during the surge, a standard short squeeze market. In the final sprint phase, the funding rate of 0.34 USD quickly dropped to -0.19%, forcing short sellers to close their positions, which also pushed the price higher.

Today's data shows that the funding rate has finally started to normalize, showing 0.01%, and no one is shorting at this point of 0.160, with not many people going long either, finally calming down a bit.

Next, this coin will be pulled back and forth, and another rebound is expected, but the overall market has already completed, with a downward trend as the main tone.

$pippin