🚨 W JUMPS 33.6% WHILE LONGS PAY 221% A YEAR TO HOLD IT 🔥
Wormhole climbed to $0.02354 in the last 24 hours on $18.1M of Binance spot volume, and the perp side looks crowded, with Hyperliquid funding at +2.53 bps per hour for $W , roughly +221% annualized paid by longs.
That mix cuts both ways. Spot buying pushed the price, but when longs pay that much to stay in, any stall can turn into quick profit taking, especially with Fear and Greed now at 69, up from 61 yesterday, while BTC sits flat near $83,778.
Can W hold above $0.023 with funding this hot, or does the crowd get flushed first?
Not financial advice. DYOR.
#crypto #altcoins
Wormhole climbed to $0.02354 in the last 24 hours on $18.1M of Binance spot volume, and the perp side looks crowded, with Hyperliquid funding at +2.53 bps per hour for $W , roughly +221% annualized paid by longs.
That mix cuts both ways. Spot buying pushed the price, but when longs pay that much to stay in, any stall can turn into quick profit taking, especially with Fear and Greed now at 69, up from 61 yesterday, while BTC sits flat near $83,778.
Can W hold above $0.023 with funding this hot, or does the crowd get flushed first?
Not financial advice. DYOR.
#crypto #altcoins