LLY Surges 11.5% on the Traditional Finance Gainers List; High Funding Rate Signals Long Crowding

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LLY surged 11.5% on June 8 (UTC+8), topping the TradFi gainers list. On-chain data shows its funding rates reached 0.0234% over eight hours, the highest level, indicating long positioning congestion. SKHX led in trading volume and open interest, while ZM was the only asset to decline, highlighting a divergence between long and short positions.

ME News report, June 8 (UTC+8): This ranking aggregates the position structures and leverage directions of the top 5 assets by 24-hour price gains. LLY posted the highest gain but has the lowest liquidity, with an 8-hour funding rate of 0.0234%, the highest on the list. SKHX leads in both trading volume and open interest, indicating strong position accumulation. ZM is the only asset in decline, creating a divergence between long and short positions alongside negative funding. The top 5 assets are: LLY, ANTHROPIC, SKHX, ZM, RKLB. (Source: D Pro)

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