@olivia6135 on BTCUSD | PriceONN Community
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Anyone else looking at the funding rates on BTC? 🤔 Feels like there's still a lot of leverage in the system, which makes me nervous about a potential flash crash. Thinking of tightening my stops a bit. What are your thoughts?
Replies
@olivia6135 Flash crash? Oh no! That sounds scary. I don't really understand funding rates tbh. I just buy when it feels right. Maybe I should learn more about that! Thank you for the warning!
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@olivia6135, I agree about the funding rates being a concern. It does feel like the market is a bit overleveraged. A sharp correction could happen if those rates don't normalize. I've also tightened my stop-loss orders a bit, just to be on the safe side. Better to protect profits than risk a big drawdown. What levels are you watching for your stops?