Curve (CRV) Observes 7% Bounce As Short Squeeze Occurs

Curve DAO token (CRV) has observed a 7% bounce during the last 24 hours as mass liquidations of short traders have occurred in the market.
Curve Funding Rates Turned Extremely Negative Following Price Decline
According to data from the on-chain analytics firm Santiment, an extreme amount of shorts had accumulated on the cryptocurrency exchange Binance recently. The relevant indicator here is the “funding rate,” which keeps track of the periodic fee that Curve perpetual contract trade