1000SHIB/USDT - the most shorted altcoin on binance

1000SHIB is the most shorted altcoin on binance futures, that I have ever seen - the funding rate on this pair is most of the time -0,75%, which is just completely insane, it means, that people who are in SHORT position on 1000SHIB, they must pay 0,75% of their position every funding period - on the chart, we can see 3 accumulation zones and I really think, that big players are currently accumulating LONGS, because they would be paying extreme amount of money on fees during funding period if they were accumulating SHORTS.
However until we are still below 21 daily MA, I wouldn´t recommend you to enter LONG, but I think this pair is setting the bottom or will set the bottom very soon.