🤷♀️Do Not SHORT $CHIP yet
The funding rate is negative 0.485 percent per four-hour interval,
annualized beyond negative 1,000 percent.
Shorts are paying longs an extraordinary premium to maintain exposure.
This is a structural disadvantage for any short position. The volume
to open interest ratio exceeds 50, indicating spot-driven turnover
rather than passive leverage. The order book shows bids stacked
above 50,000 CHIP near current price. Whale concentration risk
remains with 97 percent of supply in ten wallets, but timing that
distribution while paying 1,000 percent annualized funding is a losing
proposition. The only rational positions here are long with tight risk or flat. Shorting is fighting both price action and carry cost simultaneously.
#CHİP #UB
$UB
The funding rate is negative 0.485 percent per four-hour interval,
annualized beyond negative 1,000 percent.
Shorts are paying longs an extraordinary premium to maintain exposure.
This is a structural disadvantage for any short position. The volume
to open interest ratio exceeds 50, indicating spot-driven turnover
rather than passive leverage. The order book shows bids stacked
above 50,000 CHIP near current price. Whale concentration risk
remains with 97 percent of supply in ten wallets, but timing that
distribution while paying 1,000 percent annualized funding is a losing
proposition. The only rational positions here are long with tight risk or flat. Shorting is fighting both price action and carry cost simultaneously.
#CHİP #UB
$UB