$LSK funding rate: -0.507% (1109.5% annualized); shorts pay.
The rate is negative and extremely high, indicating a crowded trade of leveraged short positions. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the move.
Considering the 24h gain of +25.24%, sentiment seems overheated. Anyone who knows more care to share their thoughts?
#LSK
DYOR, and participate rationally.
The rate is negative and extremely high, indicating a crowded trade of leveraged short positions. When shorts become overly crowded, a short squeeze may occur, so think twice before chasing the move.
Considering the 24h gain of +25.24%, sentiment seems overheated. Anyone who knows more care to share their thoughts?
#LSK
DYOR, and participate rationally.
