BUILDon Climbs 21% on Funding Spike as Open Interest Declines

Jason Wu

·May 03 2026, 15:53

Share to

Share to

Copy link

Key Takeaways:

BUILDon (B) token price increased 21 percent, supported by a positive funding rate of 0.1553 percent.
Data shows leveraged traders are heavily skewed long, with $3.89 million in short liquidations over the past day.
A sharp 18 percent decline in open interest suggests capital is leaving, signaling the rally may be overextended.

The price of BUILDon (B) climbed 21 percent over the past day, driven by bullish positioning in the perpetual market even as a sharp drop in overall liquidity raised questions about the rally's sustainability. The move comes as the broader crypto market, including Bitcoin, remains relatively flat.

Data from CoinGlass as of May 3, 2026, showed the open interest weighted funding rate reached a high of 0.1553 percent, indicating that long positions are dominant and paying shorts to keep their positions open.

The bullish tilt was reinforced by liquidation data, with $3.89 million in short positions liquidated compared to just $1.24 million in longs over the last 24 hours. However, total open interest fell by 18 percent to $80 million during the same period, a divergence that often signals a weakening trend as capital exits the market.

While the long/short ratio remains in favor of buyers at 1.065, technical indicators suggest the rally is nearing exhaustion. The Relative Strength Index (RSI) has reached 87, deep into overbought territory, suggesting a pullback could be imminent if new capital fails to enter the market.

This article is for informational purposes only and does not constitute investment advice.