🐋 $MAGIC funding rate -0.104% (shorts pay, approximately 227.9% annualized).
Short positions are too crowded. Opening a position in the same direction when the funding rate is extreme is like joining the most crowded trade—think carefully before entering.
#MAGIC
Short positions are too crowded. Opening a position in the same direction when the funding rate is extreme is like joining the most crowded trade—think carefully before entering.
#MAGIC