$MINA funding rate: -0.236% (258% annualized), with shorts paying.
A negative rate of this magnitude indicates that leveraged short positions are crowded. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the downside.
Considering the 24h change of -16.46%, sentiment appears to be cooling. How do you interpret this information?
#MINA
This article is for reference only and does not constitute investment advice.
A negative rate of this magnitude indicates that leveraged short positions are crowded. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the downside.
Considering the 24h change of -16.46%, sentiment appears to be cooling. How do you interpret this information?
#MINA
This article is for reference only and does not constitute investment advice.