A note on futures funding: $BLUR funding rate is -0.253%, meaning shorts pay.
This indicates that a large amount of leveraged short positions is concentrated on the short side. If the price rises, short covering could easily trigger a short squeeze.
Annualized rate: approximately 554.6%. Feel free to share a different take in the comments.
This indicates that a large amount of leveraged short positions is concentrated on the short side. If the price rises, short covering could easily trigger a short squeeze.
Annualized rate: approximately 554.6%. Feel free to share a different take in the comments.