🚨 Funding: Whales are piling in—liquidation risk looming?
Funding rates for are surging to extreme levels, reaching +61% per year! This means longs are paying an enormous fee to shorts every few hours. 🐳
Open Interest (the total number of open contracts) remains high at $680.82M, while 24-hour trading volume is $734.33M. Clearly, the longs are overcrowded and under immense pressure. It would take just one price move in the opposite direction for the risk of mass liquidations (a squeeze) to become very high.
has risen slightly by 0.39% over the past 24 hours, but with funding rates like these, can the rally hold? I wonder if this could be a signal of a sharp correction that “wipes out” overconfident long positions.
If it were you, which side would you take in this battle?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
Funding rates for are surging to extreme levels, reaching +61% per year! This means longs are paying an enormous fee to shorts every few hours. 🐳
Open Interest (the total number of open contracts) remains high at $680.82M, while 24-hour trading volume is $734.33M. Clearly, the longs are overcrowded and under immense pressure. It would take just one price move in the opposite direction for the risk of mass liquidations (a squeeze) to become very high.
has risen slightly by 0.39% over the past 24 hours, but with funding rates like these, can the rally hold? I wonder if this could be a signal of a sharp correction that “wipes out” overconfident long positions.
If it were you, which side would you take in this battle?
For informational purposes only, not investment advice. DYOR.
#ZEC $ZEC
