Perpetual funding rate divergence: Top 3 most crowded longs: NATGAS +0.199%, XMR +0.144%, JCT +0.081%; Top 3 most crowded shorts: BTW -0.593%, ONE -0.176%, ERA -0.104%—a clear spread between the long and short sides.
Crowded longs: $NATGAS +0.199% (current price 3.624), $XMR +0.144% (current price 555.87), $JCT +0.081% (current price 0.003778)
Crowded shorts: BTW -0.593% (current price 0.986), ONE -0.176% (current price 0.0016099), ERA -0.104% (current price 0.09161)
Data insight: BTW's funding rate of -0.593% indicates extremely crowded shorts, but its 24-hour trading volume is only 60 million USDT, suggesting relatively thin liquidity. Watch out for the risk of a short squeeze in the near term.
With BTW's extreme negative funding rate of -0.593% today, do you think the shorts could get squeezed? Share your thoughts in the comments.
#BTC #FundingRate
Crowded longs: $NATGAS +0.199% (current price 3.624), $XMR +0.144% (current price 555.87), $JCT +0.081% (current price 0.003778)
Crowded shorts: BTW -0.593% (current price 0.986), ONE -0.176% (current price 0.0016099), ERA -0.104% (current price 0.09161)
Data insight: BTW's funding rate of -0.593% indicates extremely crowded shorts, but its 24-hour trading volume is only 60 million USDT, suggesting relatively thin liquidity. Watch out for the risk of a short squeeze in the near term.
With BTW's extreme negative funding rate of -0.593% today, do you think the shorts could get squeezed? Share your thoughts in the comments.
#BTC #FundingRate
