$GTC funding rate -0.102% (annualized 111.3%), short-side pays funding.
The funding rate is negative and quite extreme, indicating that leveraged shorts are crowded. When shorts become overly crowded, it may trigger short covering; chasing shorts should be done with caution.
Considering the +17.19% move over the past 24h, sentiment is heating up. Any knowledgeable folks want to chime in?
Data is from publicly available information—please judge for yourself (DYOR).
The funding rate is negative and quite extreme, indicating that leveraged shorts are crowded. When shorts become overly crowded, it may trigger short covering; chasing shorts should be done with caution.
Considering the +17.19% move over the past 24h, sentiment is heating up. Any knowledgeable folks want to chime in?
Data is from publicly available information—please judge for yourself (DYOR).