For those watching leveraged positions: $BR has a funding rate of -0.11%, meaning shorts are paying.
This suggests a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could easily trigger a sharp rally.
The annualized rate is about 240.2%. Anyone in the know care to add anything?
Just take this as a reference—don’t take it too seriously.
This suggests a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could easily trigger a sharp rally.
The annualized rate is about 240.2%. Anyone in the know care to add anything?
Just take this as a reference—don’t take it too seriously.