🐋 Note on futures funding: $ERA funding rate is -0.104%, meaning shorts are continuously paying.
This indicates a large number of leveraged short positions are stacked on the short side. If the price rises, short covering could easily trigger a sharp rally.
Annualized rate: approximately 228.3%. Save this for comparison later.
This indicates a large number of leveraged short positions are stacked on the short side. If the price rises, short covering could easily trigger a sharp rally.
Annualized rate: approximately 228.3%. Save this for comparison later.