Shorts are paying to stay short a coin that just disclosed a breach, and the longs are collecting. 🧐
$PHA funding is -0.031% a day after Phala said attackers read customer logs and env variables on Phala Cloud, with TEE keys untouched and a patch shipped. Price is 0.0602 USDT, mid-range and well off the 24h high, so part of the spike is already given back. 📉
It's up 9.65% on the week, and a rally fed by shorts paying ends the moment they cover, so $PHA needs real buyers to hold this.
Fade a squeeze on a hack headline, or wait for funding to flip? 🔍
#PHA #FundingRates #ShortSqueeze
$PHA funding is -0.031% a day after Phala said attackers read customer logs and env variables on Phala Cloud, with TEE keys untouched and a patch shipped. Price is 0.0602 USDT, mid-range and well off the 24h high, so part of the spike is already given back. 📉
It's up 9.65% on the week, and a rally fed by shorts paying ends the moment they cover, so $PHA needs real buyers to hold this.
Fade a squeeze on a hack headline, or wait for funding to flip? 🔍
#PHA #FundingRates #ShortSqueeze