HFT shorts aren’t waiting for the market to move—they’re paying longs rent every 8 hours.
The latest average funding rate is -0.061372% per 8-hour settlement, equivalent to an annualized cost of about 538%; it’s negative on all 3 exchanges, indicating that the short side is clearly overcrowded.
This doesn’t mean HFT is about to rebound, but the cost of shorts continuing to add positions is already high. If the price stops falling, funding fees will gradually wear down traders’ patience; conversely, if the decline continues, negative funding won’t prevent liquidations.
Will you wait for the shorts to ease up, or keep shorting?
Check in real time: https://www.coinboss.com/funding-rate
$HFT