Current perpetual funding rates show a sharp split between longs and shorts: $ESPORTS +0.124% leads, while HOT at -2.000% shows extreme short crowding.
Crowded longs:
$ESPORTS funding rate +0.124%, current price 0.01455, 24h trading volume 250 million USDT
$INTW funding rate +0.108%, current price 6.35, 24h trading volume 120 million USDT
$CRCL funding rate +0.080%, current price 72.26, 24h trading volume 240 million USDT
Crowded shorts:
HOT funding rate -2.000%, current price 0.0004254, 24h trading volume 130 million USDT
AKE funding rate -0.427%, current price 0.005021, 24h trading volume 160 million USDT
Data analysis: HOT's -2.000% funding rate is the most extreme across the board, but its trading volume is only 130 million USDT. With a high funding rate on a small-cap token, shorts are crowded, so beware of the risk of a short squeeze in the near term.
What do you think are the odds of a short squeeze with HOT's -2.000% funding rate? Let's discuss in the comments.
#BTC #FundingRate
Crowded longs:
$ESPORTS funding rate +0.124%, current price 0.01455, 24h trading volume 250 million USDT
$INTW funding rate +0.108%, current price 6.35, 24h trading volume 120 million USDT
$CRCL funding rate +0.080%, current price 72.26, 24h trading volume 240 million USDT
Crowded shorts:
HOT funding rate -2.000%, current price 0.0004254, 24h trading volume 130 million USDT
AKE funding rate -0.427%, current price 0.005021, 24h trading volume 160 million USDT
Data analysis: HOT's -2.000% funding rate is the most extreme across the board, but its trading volume is only 130 million USDT. With a high funding rate on a small-cap token, shorts are crowded, so beware of the risk of a short squeeze in the near term.
What do you think are the odds of a short squeeze with HOT's -2.000% funding rate? Let's discuss in the comments.
#BTC #FundingRate
