Current perpetual funding rates are sharply divergent: $NATGAS leads among longs at +0.095%, while INIT is extremely crowded on the short side at -0.915%—a spread of over 1 percentage point between the extremes.
Crowded longs:
$NATGAS +0.095%, current price 3.518
$ARIA +0.055%, current price 0.2234
$EWY +0.051%, current price 145.2
Crowded shorts:
INIT -0.915%, current price 0.2592, trading volume 1.36 billion USDT
UNITREE -0.498%, current price 111.8, trading volume 70 million USDT
ONE -0.150%, current price 0.001733, trading volume 260 million USDT
Data takeaway: INIT's funding rate is -0.915%, indicating extreme short crowding, and its trading volume of 1.36 billion USDT is the highest on the list. Watch out for the risk of a short squeeze in the near term.
With INIT's funding rate plunging to -0.9% and volume still this high, do you think the shorts are prepared—or is this a sign of an impending short squeeze? Share your thoughts in the comments.
#BTC #FundingRate
Crowded longs:
$NATGAS +0.095%, current price 3.518
$ARIA +0.055%, current price 0.2234
$EWY +0.051%, current price 145.2
Crowded shorts:
INIT -0.915%, current price 0.2592, trading volume 1.36 billion USDT
UNITREE -0.498%, current price 111.8, trading volume 70 million USDT
ONE -0.150%, current price 0.001733, trading volume 260 million USDT
Data takeaway: INIT's funding rate is -0.915%, indicating extreme short crowding, and its trading volume of 1.36 billion USDT is the highest on the list. Watch out for the risk of a short squeeze in the near term.
With INIT's funding rate plunging to -0.9% and volume still this high, do you think the shorts are prepared—or is this a sign of an impending short squeeze? Share your thoughts in the comments.
#BTC #FundingRate
