🐋 Leveraged traders, take note: The funding rate for $SIREN is 0.0844%, with longs continuing to pay.
This suggests a large number of leveraged long positions are crowded on the long side. If prices reverse, there’s a significant risk of cascading stop-losses on long positions.
The annualized rate is about 184.8%. Do you hold any related positions?
#SIREN
This is just a market update. Please make your own trading decisions.
This suggests a large number of leveraged long positions are crowded on the long side. If prices reverse, there’s a significant risk of cascading stop-losses on long positions.
The annualized rate is about 184.8%. Do you hold any related positions?
#SIREN
This is just a market update. Please make your own trading decisions.