🐋 For those watching futures funding rates: $CT has a funding rate of -1.1%, 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 short squeeze.
The annualized rate is around 2409%. What would you do in this situation?
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 short squeeze.
The annualized rate is around 2409%. What would you do in this situation?