$STO Funding rate has shifted from negative to +0.1% in a short period. Most of the short sellers have cut losses or been liquidated during this rally, and there is no more fuel to sustain the upward momentum of this market.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.