At an annualized funding rate of -152%, shorts are paying to hold their positions.
$ERA This funding rate is no joke. A rate this negative means long sentiment is extremely crowded, but don't rush to treat it as a signal—high funding rates can persist for a long time, or flip overnight and catch traders on the wrong side. The higher your leverage, the more easily this funding rate can grind you down.
I've watched perpetual futures markets for years, and abnormal funding rates usually lead to one of two outcomes: either longs get liquidated and the price cascades downward, or shorts are forced to close and the rally continues. There's no third option. The question is who breaks first.
I generally stay away from tokens like this; they're more valuable as something to observe. If you're already in, first check how many more days your leverage can withstand a funding rate like this. Don't wait until you're liquidated to come to your senses.
#资金费率 #合约观察 #ERA
$ERA This funding rate is no joke. A rate this negative means long sentiment is extremely crowded, but don't rush to treat it as a signal—high funding rates can persist for a long time, or flip overnight and catch traders on the wrong side. The higher your leverage, the more easily this funding rate can grind you down.
I've watched perpetual futures markets for years, and abnormal funding rates usually lead to one of two outcomes: either longs get liquidated and the price cascades downward, or shorts are forced to close and the rally continues. There's no third option. The question is who breaks first.
I generally stay away from tokens like this; they're more valuable as something to observe. If you're already in, first check how many more days your leverage can withstand a funding rate like this. Don't wait until you're liquidated to come to your senses.
#资金费率 #合约观察 #ERA