$AKE funding is sitting at -1.34% right now. Shorts are paying longs more than a full percent just to stay in.
price up 97% on the day, OI more than doubled (+109%), and retail is net short at 0.62 L/S while top traders are close to flat at 1.04. that's a lot of people betting against a vertical candle with $1.4B traded.
every funding tick is costing those shorts real money, and if it squeezes again it gets ugly fast.
#AKE #Funding
price up 97% on the day, OI more than doubled (+109%), and retail is net short at 0.62 L/S while top traders are close to flat at 1.04. that's a lot of people betting against a vertical candle with $1.4B traded.
every funding tick is costing those shorts real money, and if it squeezes again it gets ugly fast.
#AKE #Funding