A funding rate of 0.3742% is pretty wild, especially with ESPORTS dropping 24 points and still holding strong—definitely not something retail traders can handle. The bulls are stubbornly holding on, but the price crashed from 0.113 down to 0.082, indicating that the big players are using high funding rates to pressure them, forcing the bulls to lose money while they keep buying the dip. This situation is either going to lead to a midnight short squeeze, or the bulls will be completely drained.
Last night, the price hit a low of 0.05068, and that spot saw some serious buy-in, with nearly 3 billion in volume and an off-the-charts turnover rate. In the short term, there’s a recovery demand around 0.082, but if we can’t bounce back above 0.10 today, it just shows funds are merely taking profits on a bounce, not genuinely reversing. High funding rates can’t hold up all day; it’s either a spike in shorts tonight or the bulls letting go and continuing to drop.
Anyone who’s been liquidated knows that if you can still hold under these rates, you’re really tough—but don’t gamble your own capital on whether others can hold. Keep an eye on 0.075 and 0.05; if those levels break, it means the bulls have fully capitulated.
#ESPORTS
Last night, the price hit a low of 0.05068, and that spot saw some serious buy-in, with nearly 3 billion in volume and an off-the-charts turnover rate. In the short term, there’s a recovery demand around 0.082, but if we can’t bounce back above 0.10 today, it just shows funds are merely taking profits on a bounce, not genuinely reversing. High funding rates can’t hold up all day; it’s either a spike in shorts tonight or the bulls letting go and continuing to drop.
Anyone who’s been liquidated knows that if you can still hold under these rates, you’re really tough—but don’t gamble your own capital on whether others can hold. Keep an eye on 0.075 and 0.05; if those levels break, it means the bulls have fully capitulated.
#ESPORTS