SOXL crowded rally: up +5.3% in 24h, longs paying +154.1% annualized funding
Suggested: Short
The rally is too crowded and more often underperforms the market, so consider fading it short.
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HIP-3 60-day backtest (44 cases): over the next 24h, returns underperformed the HIP-3 market by 1.6% on average and fell in 72% of cases; the effect weakened substantially over the following 30 days. Still being observed; not guaranteed.
24h change+5.3%
Hourly funding (annualized)+0.0176%/hAnnualized +154.1%
Open interest$27.66M
24h change+5.3%
Annualized funding+154.1%
Hourly rate+0.0176%
Signals cover 626 whale wallets in the engine's tracked pool. Profiles use the Hyperliquid fills available to the engine. · Signals use the public Hyperliquid API. Nicknames describe trading style, not identity; profiles and tags are calculated from available fills.