Let's start with a term: funding rate
Q: What does this actually tell you
A: Who's queuing up. The side that's packed gets charged once every eight hours
Q: Does that have anything to do with ZEC being up 10.22% today
A: I just checked—funding is +0.0079%
Q: Positive means longs are paying, right
A: Right. But 0.0079% annualizes to just 8.6%, so it’s not crowded yet
Since that wick at 1110.04, it’s moved about 16.8%
Now the 1-hour highs are stepping down
1296.25 → 1279.50 → 1275.26 → 1270.03
The pullback to 1254.58 is still some distance from the 20-hour moving average at 1229.83
$ZEC 1229 ho