$WAL Shorts are paying a funding rate of -0.547%, or about 1197.2% annualized. 24h: +27.69%.
In plain English: short sellers are packed in like commuters on a rush-hour subway, and even the “toll” has gone negative 🚇
When funding rates or positions become heavily one-sided, a move in the opposite direction may be just around the corner. Which camp are you in: buying more as prices fall, or chasing as they rise?