The Ethereum market went ful Schizo!

I love it kek
The funding fees are at -0.13% and falling every minute currently
>Explain
If you go x10 short you have to pay 1.2% of your collateral every 8 hours.
So if you keep the position for 25 days at this rate all your collateral is gone for the fees and you get liquidated at your entry price already.
Yet still more and more people short paying these fees to hedge the merge risk and because they expect sell the news
This has unironically the potential for a 500 to 800 dollar short squeeze in one day
Dont say you were not warned

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now like im retarded

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Based

Shorters have to pay 0.13% of their ful position to longers every 8 hour
That means its severely overshorted

-0.14%
now

cope

So that mean eth is an obvious buy but also if it's an obvious buy that means the price will go down

Just answering with cope when it doesnt make sense should cause a range ban and a death sentence in real life
Yes both

No people treat it like an obvious sell
Go x10 long now on binance and in 24 hours you will have 4% profit if its the same price

What they don't show you afterwards is the gruesome feast...