Just wanted to chat with everyone for a bit. I just saw the funding rate for $BLUR : -0.133%. Shorts are paying, which works out to an annualized rate of about 290.2%.
A negative funding rate means a lot of people are short, but overcrowded trades often reverse, so I’ll be watching for a short squeeze.
Do you use funding rates as a reference?
A negative funding rate means a lot of people are short, but overcrowded trades often reverse, so I’ll be watching for a short squeeze.
Do you use funding rates as a reference?