Flagged $US at $0.03269 with longs paying 0.13% every 4h just to stay in. 18 hours later it's $0.02319, down 29.1%.
That funding rate was the whole story. Crowded longs paying a toll that size usually means the trade's already full, and the people left holding it financed their own exit liquidity.
NFA.
That funding rate was the whole story. Crowded longs paying a toll that size usually means the trade's already full, and the people left holding it financed their own exit liquidity.
NFA.