Here's a breakdown of what's happening with $FUN:
The price is heating up again, but don’t get too excited just yet. The funding rate is currently at -2.00%, which is the maximum limit on Binance. This means short sellers are paying long positions every two hours, as the market is heavily short and the funding rate is trying to balance things out.
However, there’s a catch. Despite the negative funding rate, shorts are still dominant—most people are betting against $FUN. But a significant drop in the short ratio between April 3rd and 5th suggests that many shorts were liquidated or closed early. This could lead to a temporary relief rally.
But be cautious. The money inflow spiked around April 4-5, but has since slowed down, indicating profit-taking or early exits. Additionally, the futures market is diverging from the spot price, which could lead to a rapid pullback if the gap gets too wide.
The Taker Buy/Sell Volume is nearly balanced, with a slight edge toward buyers—but not in a major way.
So what should you expect next for $FUN? • If the funding rate stays at -2.00%, a short squeeze could happen—a sharp price pump if shorts get too overleveraged. • But if the money inflow slows down and the number of long positions doesn’t pick up, the hype may fade. • Watch the funding cycles—if the funding rate cools off, it might signal a safer entry point. • Pay attention to the "buy volume"—if it starts turning significantly red, it could be time to exit.
This is a high-risk, high-reward situation. Volatility is fierce, and leverage can wipe you out quickly. Be sure to use stop-loss orders, or just wait until the market structure stabilizes before jumping in.
Currently, $FUN is down 8.1% at 0.008661.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
FUN
0.008045
-7.35%
$FUN I really know I was wrong, let's take a wave of funding rates, I don't know if it will pull ba...
Dear brothers and sisters, we have come to this market to make a profit and not to incur losses.
