$SAND funding rate: -0.223% (244.2% annualized); shorts pay.
The rate is negative and unusually extreme, indicating crowded leveraged short positions. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the move.
Combined with the 24h change of -0.12%, sentiment seems subdued. Do you buy this data?
The rate is negative and unusually extreme, indicating crowded leveraged short positions. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the move.
Combined with the 24h change of -0.12%, sentiment seems subdued. Do you buy this data?