The open position of a token’s futures can indicate the overall quantity of its futures contracts that are still active, regardless of whether they have been closed or not. An increase in this open position may suggest a growing number of traders are joining the market to initiate new positions. Along with the rising open interest of HBAR, the funding rate on various cryptocurrency exchanges has remained in positive territory. This trend has persisted since May 3, which was the last time the altcoin experienced a negative funding rate. Funding rates are utilized in perpetual futures contracts to help maintain the contract price in alignment with the spot price.
