🚨 BLUR FUNDING JUST HIT -2,900% ANNUALIZED
Perp traders are paying heavily to stay short $BLUR . Hyperliquid prints -2,901% annualized, OKX -805%, two venues agreeing the short side is extremely crowded.
Why it matters: shorts pay longs every hour at these levels. If price bounces, crowded shorts rush to cover and the move accelerates. If it keeps sliding, the payout itself reads as capitulation-level bearishness, not fresh conviction.
My take: watch what breaks first, price or positioning. Squeeze coming, or more downside? 👇
Not financial advice. DYOR.
#crypto #altcoins #FundingRates
Perp traders are paying heavily to stay short $BLUR . Hyperliquid prints -2,901% annualized, OKX -805%, two venues agreeing the short side is extremely crowded.
Why it matters: shorts pay longs every hour at these levels. If price bounces, crowded shorts rush to cover and the move accelerates. If it keeps sliding, the payout itself reads as capitulation-level bearishness, not fresh conviction.
My take: watch what breaks first, price or positioning. Squeeze coming, or more downside? 👇
Not financial advice. DYOR.
#crypto #altcoins #FundingRates
