$Q funding rate: -0.109% (239.2% annualized); shorts pay.
The rate is negative and quite extreme, suggesting leveraged short positions are crowded. When shorts become overly crowded, short covering can easily occur, so think twice before chasing the downside.
With the 24h change at -58.73%, sentiment looks subdued. How would you trade?
The rate is negative and quite extreme, suggesting leveraged short positions are crowded. When shorts become overly crowded, short covering can easily occur, so think twice before chasing the downside.
With the 24h change at -58.73%, sentiment looks subdued. How would you trade?