$WAXP rose 16.2%, with fees sounding the alarm
+16.2%. The number given by
$WAXP 24h. Current price 0.005415 USDT. But what’s truly eye-catching is another set—OI +20.1%.
The position path isn’t a straight-line surge: 0.8M > 0.9M > 0.9M > 1.0M. Step by step up—no turning back the whole way.
While the price was rising, the positions were being piled on. $5.0M in trading volume, $24.7M in market cap. The plate is getting bigger, and the chips are getting heavier.
What about the fees? -0.0615% to -0.0869%. Deeper. In plain words: shorts are starting to take the upper hand, but the holding cost of short positions is being pushed higher. Go the other way, and you still have to pay.
This isn’t a lifeless, low-volume drift down—between up and down, real money is being added.
Negative funding rates are pressing prices upward; the room for shorts to cover is getting narrower—not a guarantee of a rebound, but pressure is building.
The alarm hasn’t been lifted. First check your leverage—can you withstand this fee?
Risk notice: negative funding rates don’t equal a bullish signal. The heavier the position, the thinner the safety cushion ground down by fees.
#WAXP #币安 # Bitcoin