$WAL Funding rate: -0.316% (692.5% annualized); shorts pay.
A negative rate of this magnitude indicates crowded leveraged short positions. When shorts get overly crowded, short covering can happen easily, so think twice before chasing the shorts.
Considering the 24h gain of +7.72%, sentiment looks overheated. Do you agree with this signal?
#WAL
For reference only; not investment advice.
A negative rate of this magnitude indicates crowded leveraged short positions. When shorts get overly crowded, short covering can happen easily, so think twice before chasing the shorts.
Considering the 24h gain of +7.72%, sentiment looks overheated. Do you agree with this signal?
#WAL
For reference only; not investment advice.