(YFI) has gone parabolic as a massive short squeeze has taken place. The coin is up over 100% in the span of 36 hours, after falling as low as $7,500 on Thursday morning.

YFI currently trades for $16,200 on leading futures exchanges, though it peaked as high as $18,000 just minutes ago. YFI’s rally has allowed the cryptocurrency to reclaim its seat as one of the largest 50 cryptocurrencies by market capitalization.

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While YFI is exploding higher, the coin is not yet overextended as per futures data. The funding rate of the YFI futures market on Binance currently is 0.01%, which is a baseline level. The funding rate is the fee that long positions pay short positions on a regular basis to keep the price of the future close to that of the spot market.

YFI may be overextended from a technical, perspective. All of its momentum indicators are at all-time highs, suggesting the coin may be overbought in the near term.

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Charts from (YFI) Is Now Up 100% in the Span of 36 Hours