🚨 -333% FUNDING ON SAND. SHORTS PAYING THROUGH THE NOSE.
Hyperliquid shows $SAND perp funding at -333% annualized, OKX agrees at -215%. Both venues confirm the most crowded short on the board. RSR and BLUR trail at -216% and -193%.
SAND trades at 0.0586, up 6.9% in 24h. The equation: (shorts paying 333%/yr) + (price grinding up anyway) = a coiled squeeze. When the whole book is short, the only fresh flow is covering.
⚠️ Counterpoint: skew this deep can also mean shorts are simply right. Pain either way.
Violent cover incoming, or just the price of being right? 👇
Not financial advice. DYOR.
#crypto #altcoins
Hyperliquid shows $SAND perp funding at -333% annualized, OKX agrees at -215%. Both venues confirm the most crowded short on the board. RSR and BLUR trail at -216% and -193%.
SAND trades at 0.0586, up 6.9% in 24h. The equation: (shorts paying 333%/yr) + (price grinding up anyway) = a coiled squeeze. When the whole book is short, the only fresh flow is covering.
⚠️ Counterpoint: skew this deep can also mean shorts are simply right. Pain either way.
Violent cover incoming, or just the price of being right? 👇
Not financial advice. DYOR.
#crypto #altcoins