Just sharing a quick thought: I just saw the funding rate for $HOT : -2%, with shorts paying. That works out to an annualized rate of about 2190%.
A negative funding rate means a lot of people are short, but overly crowded trades often get squeezed, so I’ll be more cautious about a rebound.
Do you keep an eye on funding rates?
#HOT
A negative funding rate means a lot of people are short, but overly crowded trades often get squeezed, so I’ll be more cautious about a rebound.
Do you keep an eye on funding rates?
#HOT
