The funding rate has surged to +0.2411%.
The current price is 1.1655. That might not mean much to you, so let me put it another way: if you want to hold a position at this level, you have to pay extra.
All the standing-room tickets are gone. If you want to squeeze in now, you’ll have to pay a premium.
The more people willing to pay that premium, the more overheated sentiment is getting. But would you chase it? I’ve seen this kind of scene plenty of times. The more everyone rushes in, the more you should ask: who’s selling to them?
A high funding rate isn’t a reason to buy. Quite the opposite—the people paying extra to get in at these high levels have their entire cost basis near the top. If the market moves sideways even a little, they’ll be the first to panic.
Honestly, this number doesn’t tell you which way the market is headed. It tells you just one thing: there are people in the market who are a lot more impatient than usual.
Can you hold on?
#GPRO
The current price is 1.1655. That might not mean much to you, so let me put it another way: if you want to hold a position at this level, you have to pay extra.
All the standing-room tickets are gone. If you want to squeeze in now, you’ll have to pay a premium.
The more people willing to pay that premium, the more overheated sentiment is getting. But would you chase it? I’ve seen this kind of scene plenty of times. The more everyone rushes in, the more you should ask: who’s selling to them?
A high funding rate isn’t a reason to buy. Quite the opposite—the people paying extra to get in at these high levels have their entire cost basis near the top. If the market moves sideways even a little, they’ll be the first to panic.
Honestly, this number doesn’t tell you which way the market is headed. It tells you just one thing: there are people in the market who are a lot more impatient than usual.
Can you hold on?
#GPRO