The current open position of a token’s futures can indicate the total quantity of its active futures contracts, regardless of whether they have been closed or not. An uptick in this figure may suggest a growing number of traders are joining the market to initiate new positions. Along with the rising open interest in HBAR, the funding rate on various cryptocurrency exchanges has shown a consistently positive trend. This pattern has persisted since May 3, the date when the altcoin previously registered a negative funding rate. Funding rates play a crucial role in perpetual futures contracts by ensuring that the contract price closely mirrors the spot price.
