Jelly-My-Jelly JELLYJELLY · perps

JELLYJELLY's perpetual-futures market shows modest positioning with a leverage risk score of 8, indicating minimal fragility despite moderately elevated funding conditions. The aggregated funding rate stands at 10.95%, placing it at the 64th percentile of its 90-day range—neither extreme nor subdued, suggesting a modestly crowded long bias without stretched sentiment by recent standards.

Open interest totals $7.6M, a relatively small notional base. Over the past week, OI has contracted by 8.3%, pointing to net deleveraging, though the 24-hour change of +0.6% signals a minor uptick in fresh positioning in the last day. This mixed momentum—longer-term unwinding paired with slight near-term accumulation—suggests neither conviction nor panic.

The liquidation imbalance of -0.60 over 24 hours indicates a material skew toward short liquidations, implying more shorts were flushed than longs. Against the backdrop of modest long funding and light overall leverage, this pattern suggests shorts have been more vulnerable to sudden moves rather than a precarious long structure. The combination of low risk scoring, small OI, and predominantly short liquidations indicates a thin, relatively balanced market without acute systemic tension.