$BLUR Funding rate: -0.466% (annualized 1021.4%); shorts are paying.
The rate is negative and fairly substantial, suggesting leveraged short positions are piling up. When shorts get too crowded, it can trigger a short squeeze, so think twice before chasing the drop.
Given the 24h change of -36.11%, sentiment seems to be cooling. Anyone who knows their stuff want to weigh in?
#BLUR
The rate is negative and fairly substantial, suggesting leveraged short positions are piling up. When shorts get too crowded, it can trigger a short squeeze, so think twice before chasing the drop.
Given the 24h change of -36.11%, sentiment seems to be cooling. Anyone who knows their stuff want to weigh in?
#BLUR