GMT GMT · perps

GMT's derivatives markets show modest leverage activity with a notably skewed liquidation profile. The aggregated funding rate stands at 10.95%, which sits at the 32nd percentile of the past ninety days—indicating that longs are paying shorts at a rate well below the coin's recent typical levels. This below-average funding environment suggests positioning is neither stretched nor particularly crowded relative to GMT's own recent history.

Open interest totals $4.7M with a positive twenty-four-hour change of +2.2%, reflecting mild leverage accumulation over the near term. However, the liquidation imbalance of +0.77 reveals a sharp asymmetry: substantially more long positions have been liquidated than short positions in the last day. This directional skew in forced closes points to tactical weakness among leveraged buyers despite the modest inflow of new notional.

The leverage risk score of 10 indicates low structural fragility in GMT's perpetual-futures ecosystem. Taken together, the combination of subdued funding, below-median percentile placement, and minimal risk scoring suggests that while shorts have recently captured liquidations, the overall derivatives positioning lacks the crowded or overextended characteristics typical of elevated-risk environments. The market structure remains relatively stable.