Technical Notes｜$BIRB ｜Funding rate -0.521%｜Shorts pay funding｜Current price 0.05708
First, a definition: Annualized rate simply means extrapolating this period's rate over a year. The rate changes every period, so don't treat it as a guaranteed annualized figure.
Next, how to read it: An extreme funding rate doesn't mean an immediate reversal. Sentiment running hot can sometimes keep heating up for a while.
Any indicator describes past price movements; the market can absolutely move in the opposite direction.
#BIRB
First, a definition: Annualized rate simply means extrapolating this period's rate over a year. The rate changes every period, so don't treat it as a guaranteed annualized figure.
Next, how to read it: An extreme funding rate doesn't mean an immediate reversal. Sentiment running hot can sometimes keep heating up for a while.
Any indicator describes past price movements; the market can absolutely move in the opposite direction.
#BIRB