Cardano Shorts Pile Up As Weekly Rates Reach Multi-Year High

Historically, this behavior has acted as a signal for a price bottom as funding rates are frequently known to fluctuate and move prices in the direction that traders are expecting the least.

Meanwhile, when other traders are in excruciating discomfort, key stakeholders and skill investors are intrigued by this trend. The cautious mood from seasoned traders is due to the reduced risk of purchasing or adding to their positions.