Market data: $WAL funding rate -0.0787%, settlement interval 4 hours, annualized rate approximately 172.4%, shorts pay.
Price over the same period: 24h +0.43%, current price 0.05366.
The more negative the funding rate gets, the more crowded the short side becomes. Do you think this is the beginning or the end?
Price over the same period: 24h +0.43%, current price 0.05366.
The more negative the funding rate gets, the more crowded the short side becomes. Do you think this is the beginning or the end?