🚨 STRK Funding +129%/year: Longs are under serious pressure!
$STRK is heating up, with funding at around +129%/year, meaning longs are shouldering the cost of paying shorts. Seeing Open Interest at around $53.07 million and 24-hour volume at around $85.54 million gives me chills.
This is a sign that longs are overcrowded and could easily get squeezed if prices suddenly move against them. Mass liquidations are certainly possible. Will the longs hold their ground, or will a squeeze push prices the other way and send the market into an unexpected reversal?
If it were you, which side would you take in this battle?
For informational purposes only, not investment advice. DYOR.
#STRK #ShortSignal
$STRK is heating up, with funding at around +129%/year, meaning longs are shouldering the cost of paying shorts. Seeing Open Interest at around $53.07 million and 24-hour volume at around $85.54 million gives me chills.
This is a sign that longs are overcrowded and could easily get squeezed if prices suddenly move against them. Mass liquidations are certainly possible. Will the longs hold their ground, or will a squeeze push prices the other way and send the market into an unexpected reversal?
If it were you, which side would you take in this battle?
For informational purposes only, not investment advice. DYOR.
#STRK #ShortSignal