🐋 Leverage traders, take a look: $HEMI funding rate: -0.101%. Shorts are continuing to pay.
This suggests a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could easily trigger a short squeeze.
Annualized rate: approximately 221.7%. Feel free to share different views in the comments.
#HEMI
This suggests a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could easily trigger a short squeeze.
Annualized rate: approximately 221.7%. Feel free to share different views in the comments.
#HEMI