$BTW funding rate: -0.349% (764.9% annualized), with shorts paying.
The rate is negative and extremely low, indicating crowded leveraged short positions. Excessively crowded shorts can trigger short covering, so think twice before chasing the downside.
Combined with a 24h change of -20.01%, sentiment looks bearish. Do you think funding has fully priced this in?
#BTW
In highly volatile markets, manage your risk first.
The rate is negative and extremely low, indicating crowded leveraged short positions. Excessively crowded shorts can trigger short covering, so think twice before chasing the downside.
Combined with a 24h change of -20.01%, sentiment looks bearish. Do you think funding has fully priced this in?
#BTW
In highly volatile markets, manage your risk first.