$INIT This is the first time I’ve seen a funding rate like this: -1.67%. It’s up 16%, with 1.4 billion U in trading volume, but open interest is only 19 million U—and it’s still up 36% in 24 hours.
The retail long/short ratio is 0.82, so there are more shorts than longs. But every time funding settles, the shorts have to hand 1.67% over to the longs. However you do the math, it feels rough—unless you’re betting on a pullback.
Do you think this kind of funding rate is the prelude to a short squeeze, or are the big players harvesting people chasing shorts? #Futures
The retail long/short ratio is 0.82, so there are more shorts than longs. But every time funding settles, the shorts have to hand 1.67% over to the longs. However you do the math, it feels rough—unless you’re betting on a pullback.
Do you think this kind of funding rate is the prelude to a short squeeze, or are the big players harvesting people chasing shorts? #Futures