$LSK funding rate -0.159%/4h, annualized -349%: shorts pay longs every four hours
· Open interest: $5.33M, down slightly by 2.1% over 24h, with no new money coming in
· Open interest/market cap: 13.3%; futures trading volume is 9.8 times spot volume
· Long/short ratio by number of traders: 0.81, meaning there are more shorts than longs
Lisk used to be its own blockchain, but has now pivoted to an enterprise finance platform where fiat and stablecoins share one account for payments, collections, and approvals. LSK is used as platform points. Binance listed its futures contract in January 2024.
With funding this negative and open interest still falling, it looks more like shorts have collected enough funding and are gradually exiting. There’s fuel for a short squeeze, but nobody’s lighting the match right now. The old chain’s bridge and access points were shut down on November 2; the pivoted product won’t launch until next year, so there are no near-term catalysts. It’s down 28.8% over 30 days, looking more like an old narrative fading out. If shorts collectively cover, thin order books could magnify that into a quick rebound, but without fundamental follow-through, it’ll probably just be a spike.
Circulating supply is 94.4% of the total, and FDV is almost the same as market cap. There’s basically no unlock pressure, nor any dilution story to trade on. It’s a small-cap coin dominated by futures, so watch out for wicks in either direction.
#LSK #资金费率 #volatile coin