$VET 670M market cap, only 11.3M in trading?
Market cap is hanging at $670.4M, 24h trading volume $11.3M—how can OI just keep getting pushed higher on this kind of volume?
Take another look: 4.8M > 4.9M > 5.1M > 5.5M. Four straight segments up, +15.0%.
What about the price? +0.2%. 0.007707.
Price up 0.2%, open interest up 15%? Who’s adding? Adding for whom?
The funding rate flipped from +0.0013% to -0.0002%.
It turned negative.
Bears are starting to have the upper hand, but the cost of short positions is also rising—thinking you’re shorting, but really you’re paying the market a toll.
What’s really off is the third layer: the price is sitting at a low level, yet the funding rate is in negative territory.
This isn’t a show of strength from the bears.
This is bears being crowded.
Once the price stops moving, or even just nudges upward, the pressure from covering will need to be absorbed by someone.
If you chase shorts now, you profit from the direction—but you lose on the funding rate.
Watch 0.007707.
Don’t just look at whether it’s going up or down—watch how high your own cost basis is rising.
Leverage hasn’t changed; the cost is changing. Once it’s confirmed, don’t sprint ahead.
Risk warning: with a negative funding rate, short positions aren’t free. The longer you hold, the more quietly the recoil hits.
#VET #币安 #Bitcoin