RIVER Primed for Plunge? Negative Funding Fuels Long Squeeze Fears

RIVER is currently trading at $65.95 amid a bearish sentiment reflected in its highly negative funding rates across multiple exchanges. The average daily funding rate sits at -6.216%, signaling strong bias for shorts. Notably, Lighter (-12.000%) and MEXC (-11.410%) exhibit particularly aggressive negative funding, indicating that longs are paying substantial fees to maintain their positions.

The high Open Interest of $47.47M further amplifies the Long Squeeze risk. A sharp price decline could trigger a cascade of liquidations, as leveraged long holders are forced to close their positions to avoid further losses. The decreasing funding rate trend suggests that the pressure on longs is increasing, making RIVER a prime candidate for a significant downward move.

Key price levels to watch include $65.00 (potential initial support), $62.50 (previous local low), and $60.00 (psychological support). Breaching $65.00 could accelerate the Long Squeeze, potentially leading to a rapid decline towards $60.00. Failure to hold at $60.00 would open the door for further downside.

While other coins may also exhibit negative funding, RIVER's combination of extremely negative funding rates (especially on Lighter and MEXC) and high Open Interest make it a more compelling Long Squeeze candidate at this time. The discrepancy in funding rates across exchanges suggests potential arbitrage opportunities, but also highlights the concentrated short bias on specific platforms.

There's no readily apparent historical context immediately influencing this situation, but persistent negative funding combined with declining price action historically increases the chances of a squeeze.