Does this confirm a market bottom? Not quite. Historically, negative funding often signals overcrowded shorts, which tends to precede a short-term relief bounce. We already saw a solid reaction last Friday.
If Bitcoin can reclaim the ~$79,400 resistance, the door opens for further upside relief in the near term. If you want it more aggressive, more neutral, or more simplified for a broader audience, say the word 🔥
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$BTC funding rates have flipped negative again.
Does this confirm a market bottom? Not quite.
Historically, negative funding often signals overcrowded shorts, which tends to precede a short-term relief bounce. We already saw a solid reaction last Friday.
If Bitcoin can reclaim the ~$79,400 resistance, the door opens for further upside relief in the near term.
If you want it more aggressive, more neutral, or more simplified for a broader audience, say the word 🔥