🚨 XMR: Funding +72%/year – Longs are taking on huge risk!
Funding for $XMR is at an extreme +0.0082%/hour (equivalent to +72%/year), meaning longs are paying shorts very high fees. With Open Interest at ~$74.48M, pressure is building on the buyers.
This suggests that longs are overcrowded, creating conditions for a sudden move in the opposite direction that could trigger a wave of liquidations. Over the past 24 hours, XMR has slipped 0.4%, showing that tensions are building.
If the price keeps falling, will long positions get “wiped out”? Personally, I think extreme funding like this often hides surprises. What do you think about the market right now?
For informational purposes only, not investment advice. DYOR.
#XMR
Funding for $XMR is at an extreme +0.0082%/hour (equivalent to +72%/year), meaning longs are paying shorts very high fees. With Open Interest at ~$74.48M, pressure is building on the buyers.
This suggests that longs are overcrowded, creating conditions for a sudden move in the opposite direction that could trigger a wave of liquidations. Over the past 24 hours, XMR has slipped 0.4%, showing that tensions are building.
If the price keeps falling, will long positions get “wiped out”? Personally, I think extreme funding like this often hides surprises. What do you think about the market right now?
For informational purposes only, not investment advice. DYOR.
#XMR