The two things I said the day before yesterday have both come true.
First, the funding rate rose to -2%, trapping those short positions and making their funding fees skyrocket.
Second, it fell from 2.5 to 1; even a low of 1.2 counts as a hit.
It’s also possible the funding interval will change from 4 hours to 1 hour.
I know exactly what the market makers are up to.
#BTW $BTW