Is IOST the most crowded short in crypto right now?
Funding on $IOST hit -383% annualized on OKX. ALT printed -2,621% on Hyperliquid, with DOOD (-67.6%) and MEW (-63.7%) deep in negative too. Negative funding means shorts are paying longs, and that bill is getting enormous.
My take: when the crowd pays this much to stay short, the fuel for a violent snap-back builds fast. Extreme funding can persist, but it also marks the moment shorts are most vulnerable.
Squeeze incoming, or do the bears stay in control? 🐂🐻
Data: OKX, Hyperliquid. Not financial advice. DYOR.
#crypto #fundingrates
Funding on $IOST hit -383% annualized on OKX. ALT printed -2,621% on Hyperliquid, with DOOD (-67.6%) and MEW (-63.7%) deep in negative too. Negative funding means shorts are paying longs, and that bill is getting enormous.
My take: when the crowd pays this much to stay short, the fuel for a violent snap-back builds fast. Extreme funding can persist, but it also marks the moment shorts are most vulnerable.
Squeeze incoming, or do the bears stay in control? 🐂🐻
Data: OKX, Hyperliquid. Not financial advice. DYOR.
#crypto #fundingrates