Bottom line: ERA is up about 31% in a day, funding rates are negative across the board, and shorts are paying longs. But shorts still account for 56% of liquidations over the past 4 hours.
Binance funding rate: -0.8071%, equivalent to an annualized rate of about -176.8% based on 4-hour settlements; Bybit: -0.8611%, or about -188.6% annualized. With negative funding rates, shorts pay longs.
ERA liquidations totaled about $461,000 in the past 4 hours, with shorts accounting for 55.6%; over 24 hours, they totaled about $542,000, with shorts accounting for 61.1%. The current price is around 0.083, and gains on Binance and Bybit are both between 31% and 33%.
$ERA
Shorts are already paying out of pocket. Will you wait for liquidations to cascade further, or take profits now?
View in real time: https://www.coinboss.com/currencies/ERA