Counting on my fingers: $JCT —the funding rate for this period is 0.0394%, which works out to an annualized rate of about 86.2%.
In other words, longs carrying positions are handing out red envelopes to shorts every period 🧧 I’m not even that generous with red envelopes.
Holding a large position through losses is the most common reason for liquidation.
#JCT
In other words, longs carrying positions are handing out red envelopes to shorts every period 🧧 I’m not even that generous with red envelopes.
Holding a large position through losses is the most common reason for liquidation.
#JCT