$CBRS dropped 8.9% to 244, funding rate is zero, and open interest is only over 20k contracts. This isn't just a single coin issue; the entire sector is reallocating. Money is flowing out from traditional financial stocks, and on-chain US stock contracts are under pressure across the board, with $CBRS on the bleeding end.
There's no overcrowded long position in the market, nor any short entanglement; the zero funding rate indicates there's no one rushing for direction. Light positions mean that any time someone adds volume, it could trigger a move. But the problem is you don't know which way that volume will come from, so guessing tops and bottoms isn't as effective as waiting for a signal.
Trading tags: #BinanceFutures #TradFi #USDⓈM #CBRS #CBRSUSDT $CBRS
There's no overcrowded long position in the market, nor any short entanglement; the zero funding rate indicates there's no one rushing for direction. Light positions mean that any time someone adds volume, it could trigger a move. But the problem is you don't know which way that volume will come from, so guessing tops and bottoms isn't as effective as waiting for a signal.
Trading tags: #BinanceFutures #TradFi #USDⓈM #CBRS #CBRSUSDT $CBRS