🐋 For those tracking leveraged funds: $SKL funding rate: -0.403%; shorts are paying continuously.
This suggests a large number of leveraged short positions are crowded on the short side. If prices rebound, short covering could easily trigger a sharp rally.
Annualized rate: approximately 883.4%. Share your views in the comments.
#SKL
This suggests a large number of leveraged short positions are crowded on the short side. If prices rebound, short covering could easily trigger a sharp rally.
Annualized rate: approximately 883.4%. Share your views in the comments.
#SKL