The current position of a token’s futures can indicate the total amount of its futures contracts that are still active, regardless of whether they have been closed or not. A rise in this position may suggest a growing number of traders entering the market to initiate new positions. Along with the increasing open interest in , the funding rate on various cryptocurrency exchanges has remained in positive territory. This positive trend has been ongoing since May 3, when the altcoin experienced a negative funding rate. Funding rates play a crucial role in perpetual futures contracts by helping to maintain the contract price in alignment with the spot price.