$HOT Shorts are currently subsidizing longs: funding rate -0.340%, ranked #2 across the entire market.
Breaking it down: short positions are crowded, and holding costs are still accumulating.
0.00036265 below (15m structural level · touched 4 times) is the nearest support; when holding costs start to fall, the crowded side is more likely to see concentrated position closures.
#HOT #Binance Futures
Breaking it down: short positions are crowded, and holding costs are still accumulating.
0.00036265 below (15m structural level · touched 4 times) is the nearest support; when holding costs start to fall, the crowded side is more likely to see concentrated position closures.
#HOT #Binance Futures
