On December 5th, some counterfeit products such as HBAR, XLM, XRP, ALGO and ADA have risen sharply, rising by more than 250% in 30 days, and the funding rate of perpetual futures contracts has risen to between 4% and 6% per month. This situation reflects the increase in leverage usage, making the current price level vulnerable to a large correction.
While high funding rates may indicate optimism and further growth potential for counterfeit products, they also increase risk for traders, in contrast to the milder leverage observed in major cryptocurrencies such as BTC and ETH.
Some counterfeit products rose by more than 250% in 30 days, and the capital rate rose or indicated the potential callback risk
2024-12-05 05:43:52
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