$IOTX shorts are paying, with a funding rate of -0.375% and an annualized rate of about 410.9%; 24h: +4.44%.
In plain English: short sellers are packed in like commuters on the subway at rush hour, and the “toll” has turned negative 🚇
When funding rates or open interest are heavily skewed in one direction, a move the other way may not be far off. Send this to that friend of yours who reads the news every day.
Just my personal opinion—don’t take it too seriously.
In plain English: short sellers are packed in like commuters on the subway at rush hour, and the “toll” has turned negative 🚇
When funding rates or open interest are heavily skewed in one direction, a move the other way may not be far off. Send this to that friend of yours who reads the news every day.
Just my personal opinion—don’t take it too seriously.