Current perpetual funding rates show a clear split between longs and shorts: $SKHYNIX leads the longs at +0.160%, while BMT has the most crowded shorts at -0.513%.
Crowded longs:
$SKHYNIX +0.160%, current price 873.5
$JCT +0.123%, current price 0.008269
$IDOL +0.074%, current price 0.03000
Crowded shorts:
BMT -0.513%, current price 0.02366
CYBER -0.408%, current price 0.2662
HOT -0.333%, current price 0.0004180
Data takeaway: BMT's -0.513% funding rate indicates extremely crowded shorts, but its 24-hour trading volume is only 70 million USDT, suggesting thin liquidity. Beware of the risk of a short squeeze in the near term. $JCT has crowded longs and trading volume of 2.05 billion USDT, making the divergence between longs and shorts worth watching.
With BMT's extreme negative funding rate of -0.513%, how much longer do you think the shorts can hold out? Share your thoughts in the comments.
#BTC #FundingRate
Crowded longs:
$SKHYNIX +0.160%, current price 873.5
$JCT +0.123%, current price 0.008269
$IDOL +0.074%, current price 0.03000
Crowded shorts:
BMT -0.513%, current price 0.02366
CYBER -0.408%, current price 0.2662
HOT -0.333%, current price 0.0004180
Data takeaway: BMT's -0.513% funding rate indicates extremely crowded shorts, but its 24-hour trading volume is only 70 million USDT, suggesting thin liquidity. Beware of the risk of a short squeeze in the near term. $JCT has crowded longs and trading volume of 2.05 billion USDT, making the divergence between longs and shorts worth watching.
With BMT's extreme negative funding rate of -0.513%, how much longer do you think the shorts can hold out? Share your thoughts in the comments.
#BTC #FundingRate
