$ERA funding rate: -0.489%, the most extreme across the entire market. Money is flowing from shorts to longs.
What the market is telling us: short positions are crowded, and holding costs are still accumulating.
The nearest support below is 0.081992 (15m structure level · touched 4 times). If positions in the crowded direction start to unwind, the price is more likely to move toward the deleveraging side.
#ERA #Binance Futures
With funding rates this extreme, would you wait for them to fall or keep watching?
What the market is telling us: short positions are crowded, and holding costs are still accumulating.
The nearest support below is 0.081992 (15m structure level · touched 4 times). If positions in the crowded direction start to unwind, the price is more likely to move toward the deleveraging side.
#ERA #Binance Futures
With funding rates this extreme, would you wait for them to fall or keep watching?
