$SKL funding rate -0.572% (annualized 1252.8%), shorts pay the fee.
The rate is negative and unusually extreme, indicating leveraged short positions are heavily crowded. When shorts become excessively crowded, a short squeeze may occur; think twice before chasing shorts.
Considering the +11.38% over the past 24 hours, market sentiment is heating up. Cast your vote in the comments: up or down?
#SKL
This content is for reference only and does not constitute investment advice. DYOR.
The rate is negative and unusually extreme, indicating leveraged short positions are heavily crowded. When shorts become excessively crowded, a short squeeze may occur; think twice before chasing shorts.
Considering the +11.38% over the past 24 hours, market sentiment is heating up. Cast your vote in the comments: up or down?
#SKL
This content is for reference only and does not constitute investment advice. DYOR.