As a seasoned crypto trader, I just came across the funding rate for $TRUTH : 0.0438%, with longs paying. That works out to an annualized rate of about 95.8%.
I usually wouldn’t chase longs when the funding rate is this high and positive. When everyone’s on the same side of a trade, it often ends up backfiring.
Do you pay attention to funding rates?
Just sharing my thoughts—this is not investment advice.
I usually wouldn’t chase longs when the funding rate is this high and positive. When everyone’s on the same side of a trade, it often ends up backfiring.
Do you pay attention to funding rates?
Just sharing my thoughts—this is not investment advice.