$OGN funding rate -1.01% (annualized 2204.5%), shorts pay.
The rate is negative and extremely high, indicating crowded leveraged short positions. When shorts become overly crowded, short covering can easily occur, so be cautious about chasing shorts.
Combined with the 24h gain of +86.78%, sentiment is heating up. Bullish or bearish?
#OGN
Be aware of the risks and make your own decisions. This is not investment advice.
The rate is negative and extremely high, indicating crowded leveraged short positions. When shorts become overly crowded, short covering can easily occur, so be cautious about chasing shorts.
Combined with the 24h gain of +86.78%, sentiment is heating up. Bullish or bearish?
#OGN
Be aware of the risks and make your own decisions. This is not investment advice.