Let’s do the math: $BLUR has a current funding rate of -0.511%, settled every 4 hours, equivalent to an annualized rate of about 1118.1%.
In other words, shorts pay longs every funding period, and the longer they hold, the more disadvantaged they become. If the market simply stops falling, short covering could easily push prices up.
Who do you think will get squeezed first, longs or shorts?
#BLUR
In other words, shorts pay longs every funding period, and the longer they hold, the more disadvantaged they become. If the market simply stops falling, short covering could easily push prices up.
Who do you think will get squeezed first, longs or shorts?
#BLUR