Damn, it really is the bold who thrive and the timid who starve. This short position, $BMT , has been going since October 20 without a break, paying funding fees 192 times in a row.
On Binance perpetuals, the funding rate hasn’t turned positive once since that midday settlement, and the short has paid out about 22.8% in total. The price was hovering around 0.0184 then; today it hit an intraday high of 0.03248, up by roughly 70%. It’s still up about 24% over 24 hours, with a trading volume of around 172 million U and about 1.7 million trades. The shorts keep paying funding, while the price keeps climbing.
Just looking at it makes my palms sweat. With this kind of pace in the futures market, the shorts have barely had a chance to catch their breath.
Newbies are advised to watch more and trade less. If you’re buying crypto, only buy $BTC .
On Binance perpetuals, the funding rate hasn’t turned positive once since that midday settlement, and the short has paid out about 22.8% in total. The price was hovering around 0.0184 then; today it hit an intraday high of 0.03248, up by roughly 70%. It’s still up about 24% over 24 hours, with a trading volume of around 172 million U and about 1.7 million trades. The shorts keep paying funding, while the price keeps climbing.
Just looking at it makes my palms sweat. With this kind of pace in the futures market, the shorts have barely had a chance to catch their breath.
Newbies are advised to watch more and trade less. If you’re buying crypto, only buy $BTC .
