🐋 A note on contract funding: $SKL funding rate is -0.265%; shorts are continuously paying.
This means a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could easily trigger a sharp rally.
Annualized rate: approximately 580.7%. Which side are you on?
#SKL
How you trade is up to you; this is just for sharing.
This means a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could easily trigger a sharp rally.
Annualized rate: approximately 580.7%. Which side are you on?
#SKL
How you trade is up to you; this is just for sharing.