BlockBeats News, July 31st, according to Hyperinsight monitoring, the storage triad and the US stock index rebounded simultaneously today, but the funding rates of SKHX, SNDK, MU, S&P 500, and XYZ100 have all turned negative.

Based on the current hourly rate, the 8-hour funding rates of SKHX, SNDK, and MU are -0.2544%, -0.0242%, and -0.0032% respectively; S&P 500 and XYZ100 are -0.0139% and -0.0075% respectively.

In terms of open interest structure, the total nominal open interest value of the storage triad has decreased from $1.022 billion to $853 million, a decrease of approximately $170 million, a 16.6% decrease. Among them, SKHX shrank by 29.5%; in terms of contract quantity, the open interest of SKHX, SNDK, and MU decreased by 39.3%, 5.3%, and 4.2% respectively.

In contrast, the total nominal open interest of S&P 500 and XYZ100 has increased from $752 million to $781 million, a 3.9% increase; the contract quantities have increased by approximately 1.0% and 6.6% respectively. With the rise of the index, increased open interest, and negative funding rates, the characteristics of additional short positions are more prominent.

SKHX continues to deleverage, with a total reduction of approximately $175 million in long positions of SKHX in the million-dollar range, with 34 addresses liquidating their positions; a net reduction of long positions by about $117 million. Across the five targets, million-dollar addresses have a net decrease in long positions of approximately $161 million and a net decrease in short positions of about $271 million in the past 24 hours.