$CT : Shorts are paying, with a funding rate of -0.254%, roughly 556.7% annualized, and -5.83% over 24h.
In plain English: so many people are short that there’s a long line, and the “toll” has even gone negative 🚇
An extreme funding rate doesn’t mean an immediate reversal, but it does show that leverage on this side is crowded. Compare notes in the comments: who’s been watching the charts the longest?
#CT
In plain English: so many people are short that there’s a long line, and the “toll” has even gone negative 🚇
An extreme funding rate doesn’t mean an immediate reversal, but it does show that leverage on this side is crowded. Compare notes in the comments: who’s been watching the charts the longest?
#CT