🐋 Leverage traders, take note: $ERA funding rate is -0.166%; shorts are paying continuously.
This indicates a large number of leveraged short positions are piled up on the short side. If the price rises, short covering could easily trigger a sharp rally.
Annualized rate: approximately 362.4%. Follow me to stay on top of unusual market moves.
#ERA
Data is from public sources. Please do your own research (DYOR).
This indicates a large number of leveraged short positions are piled up on the short side. If the price rises, short covering could easily trigger a sharp rally.
Annualized rate: approximately 362.4%. Follow me to stay on top of unusual market moves.
#ERA
Data is from public sources. Please do your own research (DYOR).