With perpetual swaps hitting very high levels in funding rates. It's singling to the market high probability pullback may happen soon.
Binance and OKEX are trying to frontrun the market by shorting earlier. Market wont dump until most retail that is already short is not cleared out of the way. Likewise a chance of a leg up to wipe out degen short traders is likely or a more extended sideway until those swaps v spot basis also turn positive like other exchanges.
Binance and OKEX are trying to frontrun the market by shorting earlier. Market wont dump until most retail that is already short is not cleared out of the way. Likewise a chance of a leg up to wipe out degen short traders is likely or a more extended sideway until those swaps v spot basis also turn positive like other exchanges.
D7R
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