- Extreme negative funding rates hit PROMPT on major CEXs.
- Liquidations surpass Bitcoin at $4.55 million.
- Bearish sentiment and volatility in PROMPT markets.
BlockBeats News reports that PROMPT’s perpetual contracts have reached extreme negative funding rates across major centralized exchanges, including Binance, HTX, Bitget, and OKX.
PROMPT’s bearish sentiment is underscored by significant liquidations surpassing Bitcoin, signaling heightened market volatility.
Extreme Funding Rates Signal Bearish Movements for PROMPT
PROMPT’s market activity has taken a significant turn as perpetual contracts on leading exchanges like Binance and HTX see extreme negative funding rates. This shift suggests a predominantly bearish market outlook.
In recent trading, PROMPT contracts experienced $4.55 million in liquidations. This level of activity highlights substantial speculation and volatility, with its effects felt broadly across trading platforms.
PROMPT Trading Volatility and Potential Price Rebounds
Did you know? Extreme negative funding rates have historically preceded notable price adjustments, as seen with other assets, impacting speculative behavior and market stability.
Wayfinder, under the symbol PROMPT, trades at $0.37 with a fully diluted market cap of $367.57 million. Recent trading saw a volume surge to $296.41 million, climbing 185.30% over 24 hours, as per CoinMarketCap.
The Coincu research team highlights that current volatility around PROMPT could offer opportunities for either corrective rebounds or further speculative maneuvers. [Historical insights](https://www.grantthornton.com/insights/articles/advisory/2025/crypto-policy-outlook) indicate likelihood of significant price movements, contingent on market sentiment and trading behaviors.
The extreme negative funding rates suggest a bearish sentiment among traders in the perpetual futures market.” – Market Insights, Coindesk
Source: https://coincu.com/331619-prompt-negative-funding-rates-surge/