Let's look at a few numbers: $WAL has a funding rate of -0.316%, with settlements every 4 hours and an annualized rate of about 692.5%. Shorts pay.
Over the same period, the price is up 7.92% in 24 hours, with a current price of 0.03776.
The more negative the funding rate gets, the more crowded the short trade becomes. Are you leaning bullish or bearish in the short term?
#WAL
Markets involve risk. Trade with caution.
Over the same period, the price is up 7.92% in 24 hours, with a current price of 0.03776.
The more negative the funding rate gets, the more crowded the short trade becomes. Are you leaning bullish or bearish in the short term?
#WAL
Markets involve risk. Trade with caution.