$BIRB shorts are paying, with a funding rate of -0.267%, annualized at around 585.4%, and down 5.37% over 24 hours.
Put another way: So many people are short that there’s a long queue, and the “toll” has turned negative 🚇
In a market that’s wiping out both longs and shorts, using less leverage is the safest strategy. Send this to that friend who keeps saying they’re going to buy the dip.
Put another way: So many people are short that there’s a long queue, and the “toll” has turned negative 🚇
In a market that’s wiping out both longs and shorts, using less leverage is the safest strategy. Send this to that friend who keeps saying they’re going to buy the dip.