The funding rate is essentially a “toll” paid between longs and shorts.
$BLUR Shorts are currently paying: -0.101%, or about 220% annualized.
If traders are willing to pay and still go short, that means the short trade is crowded; as long as the price doesn’t fall, buybacks could be intense.
What leverage do you think is safe? Share your thoughts in the comments.
#BLUR
$BLUR Shorts are currently paying: -0.101%, or about 220% annualized.
If traders are willing to pay and still go short, that means the short trade is crowded; as long as the price doesn’t fall, buybacks could be intense.
What leverage do you think is safe? Share your thoughts in the comments.
#BLUR