🐋 Attention to contract funding: $SPELL funding rate -0.186%, short-side funding fee.
This means a large amount of leveraged short positions are stacked on the short side. Once the price is pushed up, short covering becomes easier and can easily trigger a short squeeze.
Annualized is about 203.3%. Do any of you have related information?
#SPELL
Not investment advice. Please do your own research before trading.
This means a large amount of leveraged short positions are stacked on the short side. Once the price is pushed up, short covering becomes easier and can easily trigger a short squeeze.
Annualized is about 203.3%. Do any of you have related information?
#SPELL
Not investment advice. Please do your own research before trading.