Changxin Tech Perpetual Funding Rate Plunges 26pts to -19.8% Amid Price Surge

Changxin Technology perpetual contract on trade.xyz hit $7 while annualized funding rate crashed from 6.2% to -19.8%, signaling extreme bearish sentiment despite price rally.

Woofun AI data shows that the Longxin Technology stock perpetual contract on trade.xyz briefly exceeded $7 on July 27.

Concurrently, the annualized funding rate shifted from 6.2% to -19.8%, indicating a sharp reversal in market positioning.