🐋 For those watching contract funding rates: $XEC has a funding rate of -0.5%, meaning shorts pay.
This suggests a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could trigger a squeeze.
The annualized rate is about 1095.9%. Save this and let’s compare notes in a few days.
The data comes from public sources, so please verify it for yourself.
This suggests a large number of leveraged short positions are crowded on the short side. If the price rises, short covering could trigger a squeeze.
The annualized rate is about 1095.9%. Save this and let’s compare notes in a few days.
The data comes from public sources, so please verify it for yourself.