$LSK Shorts are paying longs: funding rate -0.959%, the highest across the entire market.
My take: short positions are crowded, and holding costs are still accumulating. Open interest is up 2.56% over 1 hour; the large-trader long/short ratio is 1.91.
0.197783 below (15m structural level · touched 3 times) is the nearest support; if positions on the crowded side are reduced all at once, the price is more likely to move in the direction of deleveraging.
#LSK #Binance Futures
My take: short positions are crowded, and holding costs are still accumulating. Open interest is up 2.56% over 1 hour; the large-trader long/short ratio is 1.91.
0.197783 below (15m structural level · touched 3 times) is the nearest support; if positions on the crowded side are reduced all at once, the price is more likely to move in the direction of deleveraging.
#LSK #Binance Futures
