$HOOD pumped 10.58% to 94.76, with a trading volume just over 34 million, and the funding rate is holding steady at zero. It's rare to see such a price surge without anyone willing to fork out a dime for longs; this kind of funding structure is unusual. Typically, a price pump would trigger a positive funding rate, but the current zero rate indicates that the capital for chasing highs hasn't entered the market yet, or the shorts are continually hedging, meaning both bulls and bears are sitting on the sidelines, hesitant to place their bets.

Trading tags: #BinanceFutures #TradFi #USDⓈM #HOOD #HOODUSDT $HOOD