Honestly, I just saw the funding rate for $BLUR : -0.344%. Shorts are paying, which works out to an annualized rate of about 752.6%.
A negative funding rate means everyone is short, but when trades are too one-sided, the market often moves the other way. I’ll be especially cautious about a short squeeze.
Do you keep an eye on funding rates?
A negative funding rate means everyone is short, but when trades are too one-sided, the market often moves the other way. I’ll be especially cautious about a short squeeze.
Do you keep an eye on funding rates?