$ERA 📊 ERA funding rate annualized at -150%—shorts are paying to hold positions. This number shows that the market is absolutely overcrowded with short sellers.
My take: this kind of extreme situation usually doesn’t last long. An annualized rate of -150% means shorts are getting bled dry every day. If the market makes a sudden move up, forced short liquidations could trigger a cascade. Low-leverage spot is fine, but opening a highly leveraged short right now is like handing money to the market.
I’m not guessing which way the market will go, but I wouldn’t be able to sleep holding a highly leveraged short at this level.
#资金费率 #合约观察 #ERA
My take: this kind of extreme situation usually doesn’t last long. An annualized rate of -150% means shorts are getting bled dry every day. If the market makes a sudden move up, forced short liquidations could trigger a cascade. Low-leverage spot is fine, but opening a highly leveraged short right now is like handing money to the market.
I’m not guessing which way the market will go, but I wouldn’t be able to sleep holding a highly leveraged short at this level.
#资金费率 #合约观察 #ERA