At an annualized negative funding rate of -$327%, shorts are getting paid to sit back and do nothing. Who wouldn’t be baffled by that?
But don’t rush in to catch a falling knife. There’s one thing to figure out first: are longs getting crushed so badly they can’t afford to pay the funding, or are shorts piling in to an almost absurd degree? If it’s the former, sentiment has truly collapsed, and it’s too early to buy the dip. If it’s the latter, a short squeeze may be brewing.
With funding rates this extreme, the current market has a certain resemblance to late 2022. That’s not a signal to act right now—it’s a reason to keep a close eye on things. When everyone thinks collecting rent while doing nothing is a sweet deal, that’s often when the scythe is getting sharpened.
$MINA
#资金费率 #合约观察 #MINA
But don’t rush in to catch a falling knife. There’s one thing to figure out first: are longs getting crushed so badly they can’t afford to pay the funding, or are shorts piling in to an almost absurd degree? If it’s the former, sentiment has truly collapsed, and it’s too early to buy the dip. If it’s the latter, a short squeeze may be brewing.
With funding rates this extreme, the current market has a certain resemblance to late 2022. That’s not a signal to act right now—it’s a reason to keep a close eye on things. When everyone thinks collecting rent while doing nothing is a sweet deal, that’s often when the scythe is getting sharpened.
$MINA
#资金费率 #合约观察 #MINA