🚨 $ERA : funding at -0.154%
Scrolled the futures board and this number made me look twice:
Price +10.3% on the day, top traders' long/short at 1.13.
What it means: Negative funding means shorts are paying longs to hold. Shorts are the crowded side here, and if price pushes up, forced short covering can make the move sharper.
Which side do you think is more crowded on ERA right now?
Data's just data. Still, I'd keep leverage low around this one.
#Futures #CryptoTrading $ERA
Scrolled the futures board and this number made me look twice:
Price +10.3% on the day, top traders' long/short at 1.13.
What it means: Negative funding means shorts are paying longs to hold. Shorts are the crowded side here, and if price pushes up, forced short covering can make the move sharper.
Which side do you think is more crowded on ERA right now?
Data's just data. Still, I'd keep leverage low around this one.
#Futures #CryptoTrading $ERA
