🐋 For those watching futures funding: $CTK funding rate is -0.251%—shorts pay.
This means a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could trigger a squeeze.
Annualized rate is about 549.9%. Anyone who’s looked into this care to add anything?
#CTK
This means a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could trigger a squeeze.
Annualized rate is about 549.9%. Anyone who’s looked into this care to add anything?
#CTK