$WALUSDT just clocked -0.646% funding every 4 hours.
That means short holders pay longs 0.646% of their position size every single 4h window — roughly -3.876% daily if nothing changes. Open interest surged 33% in one hour, which tells you new shorts are piling in right now.
This is what squeeze fuel looks like on a chart. When funding this negative, shorts are bleeding — and they're usually the ones who end up closing at the worst time.
That means short holders pay longs 0.646% of their position size every single 4h window — roughly -3.876% daily if nothing changes. Open interest surged 33% in one hour, which tells you new shorts are piling in right now.
This is what squeeze fuel looks like on a chart. When funding this negative, shorts are bleeding — and they're usually the ones who end up closing at the worst time.