Perpetual futures funding rates show a clear split between longs and shorts: $NATGAS has the most crowded longs at +0.283%, while AGT is at +0.149%; on the short side, INIT is at -0.443%, ERA at -0.427%, and CYBER at -0.196%.
Crowded longs:
$NATGAS +0.283%, current price 3.586
$AGT +0.149%, current price 0.05873
Crowded shorts:
INIT -0.443%, current price 0.17883, trading volume 1.45 billion
ERA -0.427%, current price 0.08381, trading volume 80 million
CYBER -0.196%, current price 0.2661, trading volume 90 million
Data takeaway: ERA's funding rate is -0.427%, indicating crowded shorts, but its 24-hour trading volume is only 80 million USDT, suggesting thin liquidity. Watch out for the risk of amplified funding rate volatility.
With ERA's shallow market depth but a -0.427% funding rate, what do you think the shorts are betting on? Share your thoughts in the comments.
#BTC #FundingRate
Crowded longs:
$NATGAS +0.283%, current price 3.586
$AGT +0.149%, current price 0.05873
Crowded shorts:
INIT -0.443%, current price 0.17883, trading volume 1.45 billion
ERA -0.427%, current price 0.08381, trading volume 80 million
CYBER -0.196%, current price 0.2661, trading volume 90 million
Data takeaway: ERA's funding rate is -0.427%, indicating crowded shorts, but its 24-hour trading volume is only 80 million USDT, suggesting thin liquidity. Watch out for the risk of amplified funding rate volatility.
With ERA's shallow market depth but a -0.427% funding rate, what do you think the shorts are betting on? Share your thoughts in the comments.
#BTC #FundingRate
