🚨 Funding surges +118%: Longs are 'burning money'!
The Funding Rate for is at an extreme level, reaching ~+118% per year! This means that longs (those betting on prices going up) are paying very high fees to shorts (those betting on prices going down) every hour.
With Open Interest at ~$73.84M and the price of up 8.5% in 24h, liquidation pressure on longs is building. A sharp reversal could trigger a short squeeze, pushing the price even higher as short positions are forcibly closed.
Clearly, this is a battle of nerves between the two sides. If it were you, which position would you choose in this situation?
For reference only, not investment advice. DYOR.
#ZRO $ZRO
The Funding Rate for is at an extreme level, reaching ~+118% per year! This means that longs (those betting on prices going up) are paying very high fees to shorts (those betting on prices going down) every hour.
With Open Interest at ~$73.84M and the price of up 8.5% in 24h, liquidation pressure on longs is building. A sharp reversal could trigger a short squeeze, pushing the price even higher as short positions are forcibly closed.
Clearly, this is a battle of nerves between the two sides. If it were you, which position would you choose in this situation?
For reference only, not investment advice. DYOR.
#ZRO $ZRO
