Yesterday saw funding rates rocket to an insane 1933% APR. Textbook case of a derivatives squeeze in action—longs getting absolutely wrecked as positions got forcefully unwound. That's what happens when leverage gets out of hand and the market decides to clean house.
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DecentralizeMe
· 11-15 04:40
omg finally the degens r getting rekt... serves them right ngl
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NotFinancialAdvice
· 11-14 20:33
rip longs... getting rekt as always smh
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BankruptWorker
· 11-14 20:22
Playing with high leverage will eventually lead to losses.
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PensionDestroyer
· 11-12 05:12
Long positions, this is going to the sky..
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TradingNightmare
· 11-12 05:05
Cut Loss is just a moment~
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SighingCashier
· 11-12 04:54
This wave of close all positions is indeed a bit tragic...
Yesterday saw funding rates rocket to an insane 1933% APR. Textbook case of a derivatives squeeze in action—longs getting absolutely wrecked as positions got forcefully unwound. That's what happens when leverage gets out of hand and the market decides to clean house.