📈 🔥 0.2538%, settled every 8 hours. With a funding rate of $BWET staring longs in the face, it’s not cheap.
The mark price is 582.83. With the rate this strongly positive, it shows that longs are getting rather crowded in perpetuals. In a setup like this, the more important it is to keep a close eye on key levels—the moment the price fails to hold above 582.83, long stop-loss orders could get squeezed out.
The funding rate is a gauge of sentiment, not direction itself. Will BWET keep pushing higher, or shake out positions first? Watch how this candle closes. #MarketUpdate
$BTC $SOL
The above does not constitute investment advice. Please assess the risks for yourself.
The mark price is 582.83. With the rate this strongly positive, it shows that longs are getting rather crowded in perpetuals. In a setup like this, the more important it is to keep a close eye on key levels—the moment the price fails to hold above 582.83, long stop-loss orders could get squeezed out.
The funding rate is a gauge of sentiment, not direction itself. Will BWET keep pushing higher, or shake out positions first? Watch how this candle closes. #MarketUpdate
$BTC $SOL
The above does not constitute investment advice. Please assess the risks for yourself.
