$GTC Funding rate: -0.059% (129.2% annualized), with shorts paying.
A negative rate of this magnitude suggests leveraged shorts are crowded. Excessive short positioning can trigger a short squeeze, so be cautious about chasing the downside.
Alongside the 24h change of -9.23%, sentiment looks subdued. Do you think the funding rate has fully priced this in?
#GTC
A negative rate of this magnitude suggests leveraged shorts are crowded. Excessive short positioning can trigger a short squeeze, so be cautious about chasing the downside.
Alongside the 24h change of -9.23%, sentiment looks subdued. Do you think the funding rate has fully priced this in?
#GTC