$INIT Shorts are currently paying longs: funding rate -0.443%, the highest across the entire market.
Breaking it down: short positions are crowded, and the cost of holding them is still accumulating.
0.180096 above (15m structural level · touched 7 times) is the nearest resistance, while 0.151952 below (15m structural level · touched 4 times) is the nearest support. When holding costs start to fall, crowded positions are more prone to mass liquidations in that direction.
#INIT #Cryptocurrency
With the funding rate among the highest in the market, how long do you think it can last?
Breaking it down: short positions are crowded, and the cost of holding them is still accumulating.
0.180096 above (15m structural level · touched 7 times) is the nearest resistance, while 0.151952 below (15m structural level · touched 4 times) is the nearest support. When holding costs start to fall, crowded positions are more prone to mass liquidations in that direction.
#INIT #Cryptocurrency
With the funding rate among the highest in the market, how long do you think it can last?
