Traders betting on a drop in BIRB are paying a steep fee to keep those bets, even as money leaves the market. Funding on $BIRB reads -1.08%, meaning shorts pay longs to hold their positions, and open futures bets fell 10.01% in the 24 hours to 15:00 UTC on Oct 24. Its score of 67 tops our pressure board, which leans to short pressure overall.
The heaviest fee sits on BMT. Funding on $BMT reads -2% and open bets grew 5.8%, so fresh money is crowding onto the side that pays. $ERA shows a similar build, with open bets up 30.55% and funding at -0.14%.
IRYS saw the sharpest exit on the board, with open bets down 58.69% and funding flat at 0%.
The heaviest fee sits on BMT. Funding on $BMT reads -2% and open bets grew 5.8%, so fresh money is crowding onto the side that pays. $ERA shows a similar build, with open bets up 30.55% and funding at -0.14%.
IRYS saw the sharpest exit on the board, with open bets down 58.69% and funding flat at 0%.