$KAIA funding rate: -0.0755% (165.3% annualized); shorts pay.
The negative, unusually high funding rate suggests leveraged short positions are crowded. Excessive crowding among shorts could trigger a short squeeze, so think twice before chasing the move.
Combined with the 24h gain of +20.63%, sentiment appears to be heating up. Anyone in the know care to share their thoughts?
#KAIA
This post is for informational purposes only and does not constitute investment advice.
The negative, unusually high funding rate suggests leveraged short positions are crowded. Excessive crowding among shorts could trigger a short squeeze, so think twice before chasing the move.
Combined with the 24h gain of +20.63%, sentiment appears to be heating up. Anyone in the know care to share their thoughts?
#KAIA
This post is for informational purposes only and does not constitute investment advice.