A note on futures funding: $KAIA has a funding rate of -0.065%, so shorts are paying continuously.
This means a large number of leveraged short positions are crowded on the short side. If the price moves up, short covering could trigger a sharp rally.
Annualized, that's about 569.6%. What do you think?
#KAIA
Don't take what I'm saying as advice.
This means a large number of leveraged short positions are crowded on the short side. If the price moves up, short covering could trigger a sharp rally.
Annualized, that's about 569.6%. What do you think?
#KAIA
Don't take what I'm saying as advice.