IREN’s funding rate is pretty interesting—its annualized rate has topped 120%. The longs’ “war chest” is burning way too fast. It’s uncertain whether the price can hold, but paying such a high cost to stay in the trade every day is a stress test in itself.
Looking at the market structure, at this level either a surge in volume will resolve the disagreement, or the longs will eventually start to buckle. My take: don’t rush to play the hero. Let’s see if it can hold steady and whether fresh capital comes in before making a move.
You can’t make money forever, and fees are real money going up in smoke. Keep an eye on the pace of any reversal. $IREN
#资金费率 #合约观察 #IREN
Looking at the market structure, at this level either a surge in volume will resolve the disagreement, or the longs will eventually start to buckle. My take: don’t rush to play the hero. Let’s see if it can hold steady and whether fresh capital comes in before making a move.
You can’t make money forever, and fees are real money going up in smoke. Keep an eye on the pace of any reversal. $IREN
#资金费率 #合约观察 #IREN