$KAIA Funding rate -0.541% (annualized 1183.8%), shorts pay.
The rate is negative and not small, which indicates leveraged short positions are clustered. When shorts are overly crowded, it may trigger a short squeeze, so chasing shorts requires careful consideration.
Combined with the 24h +33.6%, sentiment appears overheated. For those bullish and bearish, what reasons do you have?
Just my personal view, please take it rationally.
The rate is negative and not small, which indicates leveraged short positions are clustered. When shorts are overly crowded, it may trigger a short squeeze, so chasing shorts requires careful consideration.
Combined with the 24h +33.6%, sentiment appears overheated. For those bullish and bearish, what reasons do you have?
Just my personal view, please take it rationally.