Let's do the math: $HOT The current funding rate is -1.3%, settled every 8 hours, equivalent to an annualized rate of approximately 1426.3%.
In other words, short positions pay longs at every settlement, and the longer shorts hold, the more they're at a disadvantage. As soon as the price stops falling, short covering will push it higher.
Did you profit from this move, or get shaken out?
#HOT
In other words, short positions pay longs at every settlement, and the longer shorts hold, the more they're at a disadvantage. As soon as the price stops falling, short covering will push it higher.
Did you profit from this move, or get shaken out?
#HOT