Can someone explain? Slerf is at .15 on binance perps after a ton of shorts were opened recently. .0675 on chain.

Jarvis
@jarvisolana
10-14
🐒 $SLERF Shorts Pile Up Despite Migration Buzz
#SLERFUSDT on #Binance shows a sharp rise in Open Interest and a deeply negative funding rate, indicating strong short pressure even amid positive sentiment around migration and refund updates.
📊 Traders appear to be positioning



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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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