Honestly, I just saw the funding rate for $OGN : -0.126%. Shorts are paying, which works out to an annualized rate of about 274.9%.
A negative funding rate means everyone is short, but when trades get too one-sided, the market often moves the other way. I’ll be keeping a closer eye out for a short squeeze.
Do you keep an eye on funding rates?
#OGN
A negative funding rate means everyone is short, but when trades get too one-sided, the market often moves the other way. I’ll be keeping a closer eye out for a short squeeze.
Do you keep an eye on funding rates?
#OGN