$AXS

Seeing this explosive surge makes me itchy, doesn't it? Yes, but after thinking about it, I'd better not.

After taking a closer look at the funding rate -2.0000% (maximum level!)

What does this mean??

This is the maximum negative funding rate set by most exchanges! It has already reached the limit!

This means: The whole world is shorting AXS! The shorts have already been squeezed out!

The consequence is that if you short now, every 8 hours (some exchanges are 4 hours) you have to give 2% of the position's value in cash to the bulls.

As long as the market maker pushes a needle up to 2.2 or 2.5, all the shorts will instantly vanish into thin air.

So can we go long?

It's like dancing on a peak,

Once the shorts are wiped out, the market maker removes the ladder,

The price will drop like a stone from 2.0 directly back to 1.5.

So let's not gamble!