After yesterday’s big pump of #HYPER, the net funding rate gap across perpetual futures on different exchanges has narrowed rapidly — a sign that bulls and bears are converging on a fair value.


In such a standoff, if one side capitulates, we could see another sharp move — either a breakout or a collapse.
PUMP-15.05%
HYPER-12.12%
NET3.48%
SIGN-8.4%
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