đš SHORTS ARE PAYING 618% A YEAR ON $MINA đ©ž
The MINA perpetuals book on Hyperliquid just went vertical. Hourly funding printed -7.06 bps, which works out to -618% annualized. In plain terms, shorts are paying longs more than six times their position size per year simply to hold their shorts.
Funding only reaches this level when positioning gets extremely one-sided, and crowded trades like this tend to unwind fast once the tape turns.
Do the shorts get squeezed first, or does the bleed just keep going? Drop your take below đ
Not financial advice. DYOR.
#crypto #altcoins
The MINA perpetuals book on Hyperliquid just went vertical. Hourly funding printed -7.06 bps, which works out to -618% annualized. In plain terms, shorts are paying longs more than six times their position size per year simply to hold their shorts.
Funding only reaches this level when positioning gets extremely one-sided, and crowded trades like this tend to unwind fast once the tape turns.
Do the shorts get squeezed first, or does the bleed just keep going? Drop your take below đ
Not financial advice. DYOR.
#crypto #altcoins