Making money on financing rates 💸
🕵️♂️ We analyzed the statistics of a top wallet and discovered an interesting detail. The trader sold their position at the peak of futures funding rates when the interest was still high but had already started to decline. This allowed them to lock in profits while the market was still at its price peak.
💡 Using funding rate data can help identify when the market is overbought or oversold. However, it's important to remember that this strategy has its nuances. For instance, it requires a thorough analysis of the current market conditions and precise timing for buying or selling.
💬 The trader no longer holds their position, which may indicate caution and a wait for a new entry point.
👉 Want to learn more about such strategies? Check out our profile!
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