🚨 $INIT: funding at -0.150%
One perp on the board is doing something odd:
Price -32.3% on the day, top traders' long/short at 1.22.
What it means: Negative funding means shorts are paying longs to hold. Shorts are the crowded side here, and if price pushes up, forced short covering can make the move sharper.
Funding or open interest, which one do you trust more in setups like this?
Not a call either way, just the numbers. Size carefully.
#Futures #CryptoTrading $INIT
One perp on the board is doing something odd:
Price -32.3% on the day, top traders' long/short at 1.22.
What it means: Negative funding means shorts are paying longs to hold. Shorts are the crowded side here, and if price pushes up, forced short covering can make the move sharper.
Funding or open interest, which one do you trust more in setups like this?
Not a call either way, just the numbers. Size carefully.
#Futures #CryptoTrading $INIT
