The funding rate is essentially a “toll” paid between longs and shorts.
$JCT —right now, longs are paying: 0.0281%, or about 61.5% annualized.
Being willing to pay that much just to hold long positions suggests bullish traders are in a real hurry; at times like this, large players often harvest the funding payments.
Do you usually use a stop-loss when opening a position?
#JCT
Just my personal opinion—don’t use it as a basis for trading.
$JCT —right now, longs are paying: 0.0281%, or about 61.5% annualized.
Being willing to pay that much just to hold long positions suggests bullish traders are in a real hurry; at times like this, large players often harvest the funding payments.
Do you usually use a stop-loss when opening a position?
#JCT
Just my personal opinion—don’t use it as a basis for trading.