funding on $INIT is -0.92% right now. shorts are paying nearly 1% per window to stay in a coin that's up 48% on 1.4B volume.
OI is just 15M though, up 44% on the day. super thin book carrying a ton of turnover. retail long/short is 1.01, so it's not even a crowded long, just shorts getting bled.
at that rate holding a short a few hours costs more than most trades make. who blinks first, the squeeze or the funding payers?
#Binance #INIT
OI is just 15M though, up 44% on the day. super thin book carrying a ton of turnover. retail long/short is 1.01, so it's not even a crowded long, just shorts getting bled.
at that rate holding a short a few hours costs more than most trades make. who blinks first, the squeeze or the funding payers?
#Binance #INIT