OKX BTC perp funding hits -453%, shorts face brutal daily bleed

Kwon Crash

Published Jun 8, 2026, 12:01 AM UTC

Source: CryptoSource
- OKX BTC perp funding just hit -453%, which is the financial equivalent of a car crash in slow motion. The shorts are bleeding out daily, and the market is practically begging for a squeeze. It’s not just bad luck; it’s structural suicide. While you were busy counting your paper losses, the longs were quietly preparing to feast. This isn’t a correction; it’s a forced capitulation event. If you’re still holding those short positions, you’re not trading; you’re donating. The broader sentiment is about to flip violently as these weak hands get liquidated into oblivion. Stop trying to catch a falling knife and start respecting the leverage.