Just a quick thought: I just saw the funding rate for $ERA —-0.0318%. Shorts are paying, which works out to an annualized rate of about 278.3%.
A negative funding rate means everyone’s short, but overcrowded trades often reverse, so I’d pay closer attention to a short squeeze.
Do you use funding rates as a reference?
#ERA
A negative funding rate means everyone’s short, but overcrowded trades often reverse, so I’d pay closer attention to a short squeeze.
Do you use funding rates as a reference?
#ERA