Folks!!
The funding rate on $MAGIC has plunged to -0.253%! Looks like the short sellers are piling in 🔥
Annualized at 554%—shorts keep paying. Watch out for a short squeeze!
The more crowded a position gets, the more likely the market is to move the other way. Anyone who knows their stuff want to weigh in?
#MAGIC
DYOR, trade responsibly.
The funding rate on $MAGIC has plunged to -0.253%! Looks like the short sellers are piling in 🔥
Annualized at 554%—shorts keep paying. Watch out for a short squeeze!
The more crowded a position gets, the more likely the market is to move the other way. Anyone who knows their stuff want to weigh in?
#MAGIC
DYOR, trade responsibly.