#MINA Funding rate: -0.31%, annualized at -342%. Shorts are losing money every hour.
With shorts this crowded, you’d expect a short squeeze, right? But instead, the price has steadily slid from 0.1011 to 0.0834, setting a new low.
Shorts are paying, yet the price keeps falling—that means spot holders are selling, and the squeeze potential from futures is nowhere near enough. 0.0827 is the last line of defense; if it breaks, watch for 0.079.
Don’t jump into a long just because the funding rate is negative.
With shorts this crowded, you’d expect a short squeeze, right? But instead, the price has steadily slid from 0.1011 to 0.0834, setting a new low.
Shorts are paying, yet the price keeps falling—that means spot holders are selling, and the squeeze potential from futures is nowhere near enough. 0.0827 is the last line of defense; if it breaks, watch for 0.079.
Don’t jump into a long just because the funding rate is negative.