Put simply, the funding rate is a “toll” that longs and shorts charge each other.
$BIRB : Shorts are paying right now—-0.933%, or about 2042.8% annualized.
The fact that traders are willing to pay to stay short shows heavy bearish positioning; if the price doesn’t fall, short-covering buys could be fierce.
Who do you think will crack first, the bulls or the bears?
$BIRB : Shorts are paying right now—-0.933%, or about 2042.8% annualized.
The fact that traders are willing to pay to stay short shows heavy bearish positioning; if the price doesn’t fall, short-covering buys could be fierce.
Who do you think will crack first, the bulls or the bears?