$ZIL Funding rate: -0.540%, the highest across the entire market. Money is flowing from shorts to longs.
What the market is saying: Short positions are crowded, and holding costs are still accumulating.
Nearest support below: 0.00170353 (15m structure level · touched 15 times); nearest resistance above: 0.00175816 (15m structure level · touched 19 times). Once positions in the crowded direction start to unwind, the price is more likely to move toward deleveraging.
#ZIL #Binance Futures
With a funding rate this extreme, would you wait for it to fall or keep watching?
What the market is saying: Short positions are crowded, and holding costs are still accumulating.
Nearest support below: 0.00170353 (15m structure level · touched 15 times); nearest resistance above: 0.00175816 (15m structure level · touched 19 times). Once positions in the crowded direction start to unwind, the price is more likely to move toward deleveraging.
#ZIL #Binance Futures
With a funding rate this extreme, would you wait for it to fall or keep watching?
