Polkadot at $0.94: 70 percent of accounts bet on a rise while funding turns negative
Select what genuinely interests you. Your picks feed directly into our editorial planning. Polkadot traded at $0.9385 late on Monday evening, November 2, which is 20.7 percent lower than 30 days ago. The futures market stands out: on OKX, 69.6 percent of accounts with an open DOT position are still betting on rising prices, while the funding rate of the perpetual contract has turned negative. What the data shows: many accounts hold long positions, but the side with more weight is pushing the contract price below the spot price. Our assessment follows further down, along with a calculation of the price at which a leveraged DOT long gets liquidated.