BUILDon up 21% as funding spikes - But ONE risk could stall Bs rally
Tech BUILDon up 21% as funding spikes – But ONE risk could stall Bs rally BUILDon [B] has remained firmly on the bullish side of the market, with the asset climbing 21% over the past day as of writing. Several factors have driven this rally, particularly strengthening fundamentals. Notably, the number of holders has risen to 70,800, its highest level since the start of the year. In the perpetual market, activity has leaned bullish. However, capital movement raises questions about whether the rally still has enough strength to continue. Capital tilts toward bulls The latest rally has been supported by a sharp increase in the Funding Rate for BUILDon in the perpetual market, which climbed to 0.1553% over the past day at the time of writing. A high positive Funding Rate typically indicates that traders are heavily skewing their leveraged positions toward longs, reflecting expectations of continued upside. Source: CoinGlass This trend has played out over the past 24 hours, during which the rally gained traction. Data from CoinGlass shows that short traders faced significantly higher liquidations than long traders. Notably, $3.89 million in short positions had been liquidated, compared to $1.24 million in long positions. This imbalance reinforces the view that the market remains long-dominated, at least for