🚨 XMR FUNDING JUST HIT +811% ANNUALIZED
Longs on Hyperliquid are now paying shorts 0.0926% every hour to stay long $XMR . That is the highest funding rate on the venue right now, up from around +200% in our last reading, and roughly 12x the 7-day average of about 65%.
📊 Why it matters: funding this hot means the long side is crowded. Every hour longs bleed, so the trade needs price to keep climbing just to break even. If $XMR stalls near $582, that carry cost starts pushing weak longs out.
⚠️ High funding is a positioning signal, not a price forecast. It tells you who is paying, not where price goes next.
👀 What to watch: does funding stay triple-digit, or normalize back toward the 7-day average?
Is this the most crowded long in crypto right now, or just getting started? 👇
Not financial advice. DYOR.
#crypto #Monero
Longs on Hyperliquid are now paying shorts 0.0926% every hour to stay long $XMR . That is the highest funding rate on the venue right now, up from around +200% in our last reading, and roughly 12x the 7-day average of about 65%.
📊 Why it matters: funding this hot means the long side is crowded. Every hour longs bleed, so the trade needs price to keep climbing just to break even. If $XMR stalls near $582, that carry cost starts pushing weak longs out.
⚠️ High funding is a positioning signal, not a price forecast. It tells you who is paying, not where price goes next.
👀 What to watch: does funding stay triple-digit, or normalize back toward the 7-day average?
Is this the most crowded long in crypto right now, or just getting started? 👇
Not financial advice. DYOR.
#crypto #Monero
