$SIREN just ripped +37.86% in 24 hours. But the funding rate tells a different story: +0.074% every 4 hours — that's ~0.55% per 8h, annualized to 20%+. Longs are paying up hard.
Here's what most won't check: L/S ratio was 5.20 yesterday, now 2.53. Smart money already reduced while retail piled in. OI ticked up 2.9% in the last hour, so new leverage is still coming in.
Next funding settles in ~4h. If you're holding a long, you're paying that premium. Thinking of entering? Ask who's the exit.
Here's what most won't check: L/S ratio was 5.20 yesterday, now 2.53. Smart money already reduced while retail piled in. OI ticked up 2.9% in the last hour, so new leverage is still coming in.
Next funding settles in ~4h. If you're holding a long, you're paying that premium. Thinking of entering? Ask who's the exit.