Flagged $ARK at $0.3670 while longs were still happily paying 1.7% every 4 hours to stay in a 49% pump. It's sitting at $0.2144 now. -41.6% since.
That funding rate was the whole story: a crowd paying up to hold a move that was already stretched, and the move paying them back by giving the whole thing away. The short squeeze chapter in between wasn't a new trend, it was the last gasp before the overheated side got the bill.
NFA.
That funding rate was the whole story: a crowd paying up to hold a move that was already stretched, and the move paying them back by giving the whole thing away. The short squeeze chapter in between wasn't a new trend, it was the last gasp before the overheated side got the bill.
NFA.
