Around 0.002364, bulls and bears are fighting fiercely.
$RSR saw open interest surge 97% in a single day, while the price shot up nearly 48%—and the funding rate was still hammered down to -1.68%. It’s obvious some shorts are stubbornly fighting the trend and getting wrecked. A short squeeze could send volatility through the roof at any moment. I’ll sit out this battle of the giants amid such extreme funding rates and wait for sentiment to cool down.
#RSR
Make your own trading decisions. No one is responsible if you get liquidated.
$RSR saw open interest surge 97% in a single day, while the price shot up nearly 48%—and the funding rate was still hammered down to -1.68%. It’s obvious some shorts are stubbornly fighting the trend and getting wrecked. A short squeeze could send volatility through the roof at any moment. I’ll sit out this battle of the giants amid such extreme funding rates and wait for sentiment to cool down.
#RSR
Make your own trading decisions. No one is responsible if you get liquidated.