It’s up 86.99% in a day, and people are still desperately shorting it. The more I think about it, the less it adds up.
$BARD is trading at 0.1638, up 86.99% in a day, but the funding rate is -0.45%—short sellers are still paying to hold onto their positions. The price keeps surging, and the shorts keep losing more as they double down. I haven’t seen many situations this twisted.
Put simply: a funding rate this negative means the shorts are packed in tight. When one side is this crowded, even a little more upward pressure can trigger the fastest squeeze. But on the flip side, if the rally runs out of steam first, these shorts will be the first to dump. Both sides are betting the other will crack first.
I’d rather sit tight for now, because a -0.45% funding rate tells me sentiment is already at an extreme, so chasing either direction doesn’t look advantageous. But if it gets back above the 24-hour high of 0.1799, I’ll change my mind immediately—that would mean the shorts really are being forced out.
With the funding rate on $BARD this deeply negative at -0.45%, do you think the shorts will get squeezed out, or will the rally lose steam first?
#BARD #Funding Rate
$BARD is trading at 0.1638, up 86.99% in a day, but the funding rate is -0.45%—short sellers are still paying to hold onto their positions. The price keeps surging, and the shorts keep losing more as they double down. I haven’t seen many situations this twisted.
Put simply: a funding rate this negative means the shorts are packed in tight. When one side is this crowded, even a little more upward pressure can trigger the fastest squeeze. But on the flip side, if the rally runs out of steam first, these shorts will be the first to dump. Both sides are betting the other will crack first.
I’d rather sit tight for now, because a -0.45% funding rate tells me sentiment is already at an extreme, so chasing either direction doesn’t look advantageous. But if it gets back above the 24-hour high of 0.1799, I’ll change my mind immediately—that would mean the shorts really are being forced out.
With the funding rate on $BARD this deeply negative at -0.45%, do you think the shorts will get squeezed out, or will the rally lose steam first?
#BARD #Funding Rate