🐋 For those keeping an eye on futures funding rates: $GTC has a funding rate of -0.0947%, meaning shorts are paying.
This indicates that a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could trigger a short squeeze.
That’s about 207.3% annualized. If you found this useful, give it a 👍
This indicates that a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could trigger a short squeeze.
That’s about 207.3% annualized. If you found this useful, give it a 👍