🐋 For those tracking futures funding rates: $ONE funding rate: -0.0565%; shorts are continuously paying.
This means a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could trigger a sharp rally.
Annualized rate: approximately 123.7%. Share your thoughts in the comments 👇
Markets are highly volatile, so please manage your risk.
This means a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could trigger a sharp rally.
Annualized rate: approximately 123.7%. Share your thoughts in the comments 👇
Markets are highly volatile, so please manage your risk.