Funding has turned negative, but the price is still sliding.
Perpetuals are down about 2.2% over the day, hovering around 0.339, with 97 million in volume; funding is about -0.019%, and the account long/short ratio is just 1.23—shorts are paying, yet the price hasn’t stopped falling. This looks more like position deleveraging than a short squeeze. With the order book likely to get even thinner over the weekend, I’ll make sure to keep track of leveraged exposure.
$WLD
#USStocksLoseOver2TrillionOvernight,SeveralHedgeFundsFaceLiquidation
Perpetuals are down about 2.2% over the day, hovering around 0.339, with 97 million in volume; funding is about -0.019%, and the account long/short ratio is just 1.23—shorts are paying, yet the price hasn’t stopped falling. This looks more like position deleveraging than a short squeeze. With the order book likely to get even thinner over the weekend, I’ll make sure to keep track of leveraged exposure.
$WLD
#USStocksLoseOver2TrillionOvernight,SeveralHedgeFundsFaceLiquidation
