After a 69.466% surge in 24 hours, $USELESS is quoted at 0.22322.
**Key takeaway: Single-signal read. Based on an abnormally low funding rate, the probability of continuing to short-squeeze/press shorts in the short term is higher.**
**Evidence chain:** A violent price rally combined with a funding rate of 0.00008078 (far below normal) is a typical sign of a crowded short position that’s being forced to cover. The open interest of 141,530,880 contracts indicates considerable pressure.
**Key takeaway: Single-signal read. Based on an abnormally low funding rate, the probability of continuing to short-squeeze/press shorts in the short term is higher.**
**Evidence chain:** A violent price rally combined with a funding rate of 0.00008078 (far below normal) is a typical sign of a crowded short position that’s being forced to cover. The open interest of 141,530,880 contracts indicates considerable pressure.