$JCT funding rate: 0.117% (256.9% annualized), with longs paying.
The rate is notably high, suggesting that leveraged long positions are crowded. Historically, when long positions become overheated, cascading long liquidations can follow, so be cautious about chasing the rally.
Considering the 24-hour gain of +101.84%, sentiment appears to be heating up. How do you interpret these figures?
The rate is notably high, suggesting that leveraged long positions are crowded. Historically, when long positions become overheated, cascading long liquidations can follow, so be cautious about chasing the rally.
Considering the 24-hour gain of +101.84%, sentiment appears to be heating up. How do you interpret these figures?