The funding rate of PUMP in front of the Hyperliquid disk has turned from positive to negative, and bearish forces are beginning to accumulate

According to BlockBeats news, on July 13th, according to market data, the funding rate of PUMP's contract in front of the Hyperliquid disk has changed from positive to negative, with a current funding rate of -0.0017%, indicating the accumulation of bearish forces. The current open contract volume of PUMP on Hyperliquid is reported to be $368 million, with a 24-hour trading volume exceeding $643 million. The current open interest contract volume of PUMP on Binance is reported at $135 million, with a 24-hour trading volume exceeding $1.341 billion. The funding rate remains positive, and the long short ratio of large holders according to position statistics is 1.24, indicating that long positions still dominate.