Current perpetual funding rates show a clear divergence between longs and shorts: NATGAS is at +0.500%, with longs crowded, while INIT is at -2.000%, with shorts extremely crowded.
Crowded longs:
$NATGAS funding rate +0.500%, current price 3.431
$ARIA funding rate +0.075%, current price 0.2168
Crowded shorts:
INIT funding rate -2.000%, current price 0.2457
CYBER funding rate -0.195%, current price 0.3034
ONE funding rate -0.091%, current price 0.001799
Takeaway: INIT's funding rate is -2.000%, and its 24-hour trading volume reached 950 million USDT. Shorts are extremely crowded and trading is active, so beware of the risk of a short squeeze in the near term.
INIT's funding rate has hit -2%. How long do you think these shorts can hold out? Share your thoughts in the comments.
#BTC #FundingRate
Crowded longs:
$NATGAS funding rate +0.500%, current price 3.431
$ARIA funding rate +0.075%, current price 0.2168
Crowded shorts:
INIT funding rate -2.000%, current price 0.2457
CYBER funding rate -0.195%, current price 0.3034
ONE funding rate -0.091%, current price 0.001799
Takeaway: INIT's funding rate is -2.000%, and its 24-hour trading volume reached 950 million USDT. Shorts are extremely crowded and trading is active, so beware of the risk of a short squeeze in the near term.
INIT's funding rate has hit -2%. How long do you think these shorts can hold out? Share your thoughts in the comments.
#BTC #FundingRate
