$FIL FIL's market action has been quite unusual these past few days.
The price bounced up from 1.07, open interest kept climbing, and longs made up nearly 70%—yet the funding rate stayed negative the whole time.
Shorts are paying interest every day just to hold their ground, while the market clearly can't be pushed down any further. With positions this stretched, it would only take a slight push upward for those stubborn shorts to line up and buy back.
#9月CPI来袭原油美债走势如何 #FIL $FIL #BTW $BTW 👇
The price bounced up from 1.07, open interest kept climbing, and longs made up nearly 70%—yet the funding rate stayed negative the whole time.
Shorts are paying interest every day just to hold their ground, while the market clearly can't be pushed down any further. With positions this stretched, it would only take a slight push upward for those stubborn shorts to line up and buy back.
#9月CPI来袭原油美债走势如何 #FIL $FIL #BTW $BTW 👇