The funding rate for $LSK is averaging around -1.16%. This means most traders are shorting.
As long as the funding rate stays this negative, I do think $LSK can squeeze higher. Big players can buy on spot and squeeze the shorts. When shorts get liquidated, those liquidations become buys, creating even more upward pressure.
Basically, it can become a domino effect.
Don’t short $LSK here, you might get squeezed.
As long as the funding rate stays this negative, I do think $LSK can squeeze higher. Big players can buy on spot and squeeze the shorts. When shorts get liquidated, those liquidations become buys, creating even more upward pressure.
Basically, it can become a domino effect.
Don’t short $LSK here, you might get squeezed.