Moo Deng MOODENG · perps

MOODENG's derivatives market shows modest positioning with a sharp recent pullback. Open interest stands at $5.0M, down 13.8% over the past day and 1.4% across the week, signaling active deleveraging and closure of existing positions. The aggregated funding rate of 9.89% annualized sits at the 29th percentile of its 90-day range, indicating current long-bias compensation is well below recent extremes—traders are not aggressively crowding into longs at this moment.

The liquidation profile reinforces a cautious market: a liquidation imbalance of -1.00 shows that over the past 24 hours, shorts absorbed all liquidations while longs remained untouched, a pattern consistent with falling leverage across the board. The leverage risk score of 15 confirms that fragility and crowded positioning are minimal; the market is not primed for destabilizing cascade effects.

In aggregate, MOODENG's derivatives metrics depict a market in contraction rather than expansion—capital is being withdrawn and leverage is unwinding. While the 9.89% funding rate still favors long holders, its historical positioning and the mechanical liquidation skew toward shorts suggest neither longs nor shorts face acute pressure.