$SKL funding rate: -0.228% (498.3% annualized), shorts pay.
The rate is negative and extreme, suggesting a crowded leveraged short position. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the move.
Given the 24h gain of +8.02%, sentiment is heating up. What kind of signal would you need before making a move?
#SKL
Markets change in an instant. Make your own decisions.
The rate is negative and extreme, suggesting a crowded leveraged short position. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the move.
Given the 24h gain of +8.02%, sentiment is heating up. What kind of signal would you need before making a move?
#SKL
Markets change in an instant. Make your own decisions.