BMNR is up 4.97% in the past 24 hours, trading around 15.18. The old dog glanced at the funding rate: 0.010054%. Longs are still paying shorts, but this rate isn’t even good enough to be called a “chicken rib,” so there’s no real crowding. What really caught my attention is that the OI is staying near 349k without making much of a move. Up nearly 5%, yet open interest doesn’t budge—meaning the inflow isn’t just adding leverage to chase longs. More likely it’s spot buying or small orders pushing it up. The good part of this kind of rally is it doesn’t hand shorts a knife. The bad part is there’s no leverage piled up, so the moment anything shifts, everyone runs faster than anyone.
There’s no sector asset to talk about—just on-chain US stocks playing their own game. My memory isn’t great, but during the last round when tradifi perp was ambushed at night, it was also this kind of low funding rate, low OI-change走势, and then right at dawn there was a burst spike to close. Today’s scene isn’t a perfect repeat, but it has at least that same feel. Right now nobody in the whole market is discussing BMNR; everyone’s chasing other hotspots. This kind of quiet actually makes me feel safer than when it’s crowded and noisy.
I’m still using the same habit: as long as 15 as an integer level doesn’t break, I’ll stay with a small position, lurking. If the funding rate starts spiking above 0.1%, and at the same time OI surges to 500k, I’ll leave—no desire to “eat a single needle.”
Trading tag: #BinanceFutures #TradFi #USDⓈM #BMNR #BMNRUSDT $BMNR
There’s no sector asset to talk about—just on-chain US stocks playing their own game. My memory isn’t great, but during the last round when tradifi perp was ambushed at night, it was also this kind of low funding rate, low OI-change走势, and then right at dawn there was a burst spike to close. Today’s scene isn’t a perfect repeat, but it has at least that same feel. Right now nobody in the whole market is discussing BMNR; everyone’s chasing other hotspots. This kind of quiet actually makes me feel safer than when it’s crowded and noisy.
I’m still using the same habit: as long as 15 as an integer level doesn’t break, I’ll stay with a small position, lurking. If the funding rate starts spiking above 0.1%, and at the same time OI surges to 500k, I’ll leave—no desire to “eat a single needle.”
Trading tag: #BinanceFutures #TradFi #USDⓈM #BMNR #BMNRUSDT $BMNR