Perpetual futures funding rates show a clear divergence: $NATGAS has an extremely crowded long position with a funding rate of +0.500%, while $AGT is at +0.081%. On the short side, BTW is the most crowded at -0.427%, while ERA and BZ are at -0.138% and -0.136%, respectively.
Crowded longs:
$NATGAS funding rate +0.500%, current price 3.559
$AGT funding rate +0.081%, current price 0.07500
Crowded shorts:
BTW funding rate -0.427%, current price 0.9965
ERA funding rate -0.138%, current price 0.08603
BZ funding rate -0.136%, current price 90.85
Data takeaway: Shorts are extremely crowded on BTW, with a funding rate of -0.427%, but its 24-hour trading volume is only 60 million USDT, indicating thin liquidity. Watch out for the risk of a short squeeze in the near term. BZ has 470 million USDT in trading volume despite crowded shorts, suggesting considerable disagreement between bulls and bears.
Do you think BTW's funding rate of -0.427% today will trigger a short squeeze? Share your thoughts in the comments.
#BTC #FundingRate
Crowded longs:
$NATGAS funding rate +0.500%, current price 3.559
$AGT funding rate +0.081%, current price 0.07500
Crowded shorts:
BTW funding rate -0.427%, current price 0.9965
ERA funding rate -0.138%, current price 0.08603
BZ funding rate -0.136%, current price 90.85
Data takeaway: Shorts are extremely crowded on BTW, with a funding rate of -0.427%, but its 24-hour trading volume is only 60 million USDT, indicating thin liquidity. Watch out for the risk of a short squeeze in the near term. BZ has 470 million USDT in trading volume despite crowded shorts, suggesting considerable disagreement between bulls and bears.
Do you think BTW's funding rate of -0.427% today will trigger a short squeeze? Share your thoughts in the comments.
#BTC #FundingRate
