I just checked the long/short ratio for $MAGMA : across all platforms, the account ratio is 0.47, meaning there are more short accounts.
When the long/short ratio and funding rate both lean in the same direction, the crowded-trade signal is clearer, and the risk of a shakeout in the opposite direction is higher.
When the long/short ratio and funding rate both lean in the same direction, the crowded-trade signal is clearer, and the risk of a shakeout in the opposite direction is higher.