The current position of a token’s futures can indicate the overall number of futures contracts it holds, regardless of whether they have been closed or not. An increase in this position may suggest a growing number of traders entering the market to initiate new trades. Along with the rising open interest of HBAR, the funding rate on various cryptocurrency exchanges has also stayed positive. This pattern has been consistent since May 3, marking the last instance when the altcoin reported a negative funding rate. Funding rates play a crucial role in perpetual futures contracts by helping to maintain a close correlation between the contract price and the spot price.
