🐋 For those watching contract funding: $NIL funding rate -0.25%, with shorts continuing to pay.
This means a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could trigger a short squeeze.
Annualized rate: approximately 547.9%. Let’s watch what happens next.
#NIL
This means a large number of leveraged short positions are crowded on the short side. If the price rebounds, short covering could trigger a short squeeze.
Annualized rate: approximately 547.9%. Let’s watch what happens next.
#NIL