Straight to the numbers: $CT funding rate is -0.254%, with settlements every 4 hours and an annualized rate of about 556%. Shorts pay.
Over the same period, the price is up 10.12% in 24 hours, currently at 0.3352.
The more negative the funding rate, the more crowded the short side is. What do you think will happen next?
Over the same period, the price is up 10.12% in 24 hours, currently at 0.3352.
The more negative the funding rate, the more crowded the short side is. What do you think will happen next?