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AXS's recent funding rate has dropped to -1.6397%. This negative value is quite interesting. At the same time, the price has rebounded from the bottom, with a 24-hour increase of 36.18%, currently around $1.6.
Behind rapid surges, there are often stories of leveraged liquidations. When the funding rate turns negative, it indicates that many market participants are shorting. Once the rebound momentum diminishes, it could be the moment for a reverse move.
⚠️ If you want to follow this wave of market movement, you must control your position size and avoid being blinded by the rapid price increase. Highly volatile coins can teach you a lesson at any time.