$SAND funding rate: -0.135% (147.6% annualized), with shorts paying.
The rate is negative and unusually extreme, indicating crowded leveraged short positions. When shorts become excessively crowded, a short squeeze may occur, so think carefully before chasing the downside.
Given the 24-hour change of -2.19%, sentiment is subdued. Bullish or bearish?
#SAND
Personal notes only; not investment advice.
The rate is negative and unusually extreme, indicating crowded leveraged short positions. When shorts become excessively crowded, a short squeeze may occur, so think carefully before chasing the downside.
Given the 24-hour change of -2.19%, sentiment is subdued. Bullish or bearish?
#SAND
Personal notes only; not investment advice.