🐋 A note for those watching contract funding: $BTW funding rate is -0.86%, so short positions are continuously paying fees.
This suggests a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could trigger a short squeeze.
Annualized rate is about 1883.4%. If you think this makes sense, give it a like; if you disagree, share your thoughts in the comments.
This suggests a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could trigger a short squeeze.
Annualized rate is about 1883.4%. If you think this makes sense, give it a like; if you disagree, share your thoughts in the comments.