Funding rate for $DOOD : -0.234% (512.9% annualized), with shorts paying.
A negative rate of this magnitude indicates crowded leveraged short positions. When shorts become overly crowded, short covering can easily occur, so be cautious about chasing the downward move.
Combined with the 24-hour change of -6.32%, sentiment appears subdued. How do you interpret this information?
#DOOD
A negative rate of this magnitude indicates crowded leveraged short positions. When shorts become overly crowded, short covering can easily occur, so be cautious about chasing the downward move.
Combined with the 24-hour change of -6.32%, sentiment appears subdued. How do you interpret this information?
#DOOD