$JCT 15-minute plunge of 4.59%, current price 0.004528, 24h range 0.004452 ~ 0.008491.
After a sharp move, the market usually enters a period of consolidation. The shape of that consolidation determines which way the next move goes.
After the drop, if the funding rate turns negative and becomes increasingly extreme, it means short positions are getting more crowded, so you should watch out for a short squeeze.
After a sharp move, the market usually enters a period of consolidation. The shape of that consolidation determines which way the next move goes.
After the drop, if the funding rate turns negative and becomes increasingly extreme, it means short positions are getting more crowded, so you should watch out for a short squeeze.