$MEW Current price: 0.0005028, 24-hour gain: +21.21%. The funding rate for this period surged to -1.398%, equivalent to an annualized rate of about 1,531%, with shorts paying longs. My first thought when I saw this rate was that shorts were about to get squeezed. With annualized holding costs in the thousands, shorts won't last more than a few settlement cycles, and the spot price could keep getting pushed higher.

#MEW #PositionChanges