The post Cronos Negative Funding Rates Surge As Profit-Taking Wave Intensifies appeared on BitcoinEthereumNews.com.

Key Insights: A spike in negative funding rates signals profit-taking after Cronos price soars 150%. Spot outflows surge, steering the market into a retracement. Here’s why CRO could be headed north of $1 as attention shifts towards Cronos. It’s been an interesting week for Cronos price action, whose price surged by as much as 150% in the last 3 days. The cryptocurrency found favor with the bulls courtesy of a recently announced major development. The CRO price rally kicked off after Trump Media Group announced a $6.4 billion fund to build a Cronos treasury. The announcement triggered a massive speculative event and an influx of liquidity into the CRO coin. As a result, CRO price rallied and became the weekly gainer among the top coins. Its price surged as high as $0.38 in the last 24 hours, retesting levels last observed in early May 2022. Interestingly, the extremely overbought nature of the rally saw the rise of bearish expectations as evidenced by the spike in negative funding rates. CoinGlass data showed that weighted funding rates surged as high as -0.064, which was the highest since 8 July. Cronos Funding Rates | Source: CoinGlass The bearish expectations resulted in a surge in liquidations by over $6 million in the last 24 hours. However, the weight of sell pressure due to profit-taking also resulted in a spike in long liquidations by about $5 million during the same session. Massive Spike Outflows Confirm Cronos Profit-Taking Spot flow data disclosed that Cronos experienced more than $8 million worth of spot outflows in the last 24 hours. This marked the single largest daily spot outflows observed in more than 12 months. CRO Spot Flows |Source: CoinGlass This profit-taking triggered a pullback to around $0.30 at the time of observation. It was worth noting that this…

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Filed under: News - @ August 30, 2025 2:27 am