🔎 Let's break down the numbers: $BIRB funding rate is -1.03%, with settlements every 4 hours and an annualized rate of about 2262.3%. Shorts pay.
Price over the same period: -60.06% in 24h; current price: 0.07738.
The lower the negative funding rate goes, the more crowded the short side is. If the market reverses later, how will you respond?
Crypto trading carries risks. Trade with caution.
Price over the same period: -60.06% in 24h; current price: 0.07738.
The lower the negative funding rate goes, the more crowded the short side is. If the market reverses later, how will you respond?
Crypto trading carries risks. Trade with caution.