Perpetual Futures Tokens for Short-Bias Market Making

# Perpetual Futures Tokens for Short-Bias Market Making Based on 72-hour analysis of price action, open interest trends, and liquidation data, here are the most suitable tokens for short-bias market making across major exchanges: ## Binance Exchange Candidates | Token | Ticker | Active Exchanges | Justification | |-------|--------|------------------|---------------| | Cardano | ADA | Binance (19 exchanges) | **9.7% price change, 20.2% range, 12 lower highs** - Choppy recovery with OI decline -5.2% | | Solana | SOL | Binance (20 exchanges) | **10.9% gain, 22.0% range, 9 lower highs** - Failed breakout pattern despite broad market rebound | | Avalanche | AVAX | Binance (19 exchanges) | **9.6% increase, 17.8% range, 11 lower highs** - Range-bound with OI decline -5.7% | | Chainlink | LINK | Binance (19 exchanges) | **10.6% rise, 18.6% range, 12 lower highs** - Weak momentum despite price gains | | Sui | SUI | Binance (19 exchanges) | **9.6% gain, 20.9% range, 11 lower highs** - OI decline -4.7% shows lack of conviction | ## Extreme Negative Funding Opportunities | Token | Ticker | Active Exchanges | Justification | |-------|--------|------------------|---------------| | Tranchess | CHESS | (1 exchange) | **-172.7% funding rate** - Extreme short bias, crowded positioning | | Revolution | RVV | (4 exchanges) | **-115.6% funding rate** - Severe negative funding despite market rebound | | ICON | ICX | (10 exchanges) | **-95.3% funding rate** - Consistently negative funding environment | | Dusk Network | DUSK | (9 exchanges) | **-43.7% funding rate** - Sustained short pressure | ## Market Context Notes **Hyperliquid Exclusion**: Despite $1B OI and $4.8B volume, HYPE gained 50% in 2 weeks - violates no-pump criteria. [Cryptopotato](https://cryptopotato.com/hyperliquid-hype-soars-by-50-in-2-weeks-can-it-pump-even-more/) **Overall Market**: BTC showing compression at $68K-$69K with failed V-shaped recovery, creating range-bound conditions favorable for short MM strategies. [News.Bitcoin.com](https://news.bitcoin.com/bitcoin-compresses-at-68k-as-technical-signals-set-the-stage-for-a-decisive-break/) **Liquidation Bias**: Recent data shows long liquidations dominating (BTC: $685K long vs $446K short, ETH: $677K long vs $130K short), indicating trapped longs and favorable short conditions. [Coinglass](https://www.coinglass.com/liquidations) --- **Data Freshness**: All analysis based on 72-hour window ending 2026-02-09 01:03 UTC. Price data from CoinGecko, derivatives metrics from Coinglass.