PUMP Funding Rate Turns Negative on Hyperliquid

Short pressure is building while Binance still shows long dominance. #PUMP #CryptoFutures

🧾 Data Summary (July 13):

🔹 Hyperliquid:

– OI: $368M

– 24h Volume: $643M

– Funding Rate: -0.0017% (turned negative)

🔹 Binance:

– OI: $135M

– 24h Volume: $1.341B

– Long/Short Ratio: 1.24 (longs lead)

– Funding Rate: still positive

📊 Insight:

– Divergence across platforms: HL shorts rising, Binance longs holding

– Negative funding rate hints at growing short interest

– Volatility may increase if bearish momentum spreads to other platforms

⚠️ Watch for funding flips, OI surges & liquidation spikes.

#CryptoDerivatives #FundingRate