๐ Some data: $BR funding rate -0.106%, settlement interval 4 hours, approximately 233.3% annualized, with shorts paying.
Price over the same period: +5.27% in 24 hours, current price 0.4046.
The lower the negative funding rate goes, the more crowded the short side becomes. Could the market turn around next?
Not financial advice.
Price over the same period: +5.27% in 24 hours, current price 0.4046.
The lower the negative funding rate goes, the more crowded the short side becomes. Could the market turn around next?
Not financial advice.