$INIT funding is sitting at -0.103% after the coin got cut almost in half today. so shorts are paying longs every 8h while price is at 0.13. OI dropped 38% to about $9M, meaning a lot of the leverage already got flushed, but both retail (1.24) and top traders (1.27) are still net long. weird combo. nobody capitulated, and the people betting on more downside are the ones paying rent. $INIT here: bounce play or still too early?
#Futures