$PRL Shorts are currently subsidizing longs: funding rate -0.387%, the highest across the entire market.
Breaking it down: short positions are crowded, and holding costs are still accumulating.
0.073294 above (15m structure level · 27 touches) is the nearest resistance, while 0.071745 below (15m structure level · 28 touches) is the nearest support; when holding costs start to decline, crowded positions are more likely to see concentrated liquidations.
#PRL #Cryptocurrency
With the funding rate among the highest in the market, how long do you think it can last?
Breaking it down: short positions are crowded, and holding costs are still accumulating.
0.073294 above (15m structure level · 27 touches) is the nearest resistance, while 0.071745 below (15m structure level · 28 touches) is the nearest support; when holding costs start to decline, crowded positions are more likely to see concentrated liquidations.
#PRL #Cryptocurrency
With the funding rate among the highest in the market, how long do you think it can last?
