Let’s calculate the holding cost: $ICNT ’s current funding rate is -0.0599%, settled every 4 hours, which works out to an annualized rate of about 131.1%.
In other words, short sellers pay the longs each funding period, so the longer they hold, the more pressure they face. If the market stops falling, short covering could easily push prices higher.
Which side do you think will get squeezed first?
Personal notes, not investment advice.
In other words, short sellers pay the longs each funding period, so the longer they hold, the more pressure they face. If the market stops falling, short covering could easily push prices higher.
Which side do you think will get squeezed first?
Personal notes, not investment advice.