A note for anyone watching leveraged positions: The funding rate for $ZIL is -0.0516%, with short positions continuing to pay.
This suggests a large number of leveraged short positions are clustered on the short side. If the price rises, short covering could trigger a sharp rally.
Annualized rate: approximately 113.1%. If you see it differently, feel free to share your thoughts in the comments.
#ZIL
Just chatting—don't take this as advice.
This suggests a large number of leveraged short positions are clustered on the short side. If the price rises, short covering could trigger a sharp rally.
Annualized rate: approximately 113.1%. If you see it differently, feel free to share your thoughts in the comments.
#ZIL
Just chatting—don't take this as advice.