$GTC funding rate: -0.975% (2134.5% annualized); shorts pay.
The rate is negative and extremely low, indicating that leveraged short positions are crowded. When shorts become overly crowded, short covering can be triggered, so be cautious about chasing the downward move.
With the 24h change at +24.3%, sentiment is heating up. How would you respond?
The rate is negative and extremely low, indicating that leveraged short positions are crowded. When shorts become overly crowded, short covering can be triggered, so be cautious about chasing the downward move.
With the 24h change at +24.3%, sentiment is heating up. How would you respond?