For those watching leveraged positions: $RLC funding rate is -0.0517%; shorts are continuing to pay.
This means a large number of leveraged short positions are concentrated on the short side. If the price rebounds, short covering could easily trigger a short squeeze.
The annualized rate is about 113.3%. What do you think?
Just my personal opinion, not investment advice.
This means a large number of leveraged short positions are concentrated on the short side. If the price rebounds, short covering could easily trigger a short squeeze.
The annualized rate is about 113.3%. What do you think?
Just my personal opinion, not investment advice.