🐋 For those watching futures funding rates: $DOOD has a funding rate of -0.233%—shorts pay.
This suggests a large number of leveraged short positions are concentrated on the short side. If prices rebound, short covering could trigger a sharp rally.
Annualized rate: approximately 509.4%. What was your first reaction?
This suggests a large number of leveraged short positions are concentrated on the short side. If prices rebound, short covering could trigger a sharp rally.
Annualized rate: approximately 509.4%. What was your first reaction?
