Alright, team, let's talk BTC. No sugar-coating it, we've had a rough ride since early October, watching price slide from well over $120K down into the sub-$90K range. It felt like a relentless grind, didn't it?
But here's the wrinkle, and it's a big one. Check those funding rates from mid-November onwards. While spot price was still struggling and making lower lows, futures traders started paying to be long. That's right, a pretty consistent sea of green bars indicating positive funding, even as spot was looking shaky.
This divergence is absolutely screaming 'pay attention!' What's cooking here? Is it overly optimistic longs about to get liquidated, creating a juicy liquidity sweep for a massive bounce? Or, is this the subtle sign of smart money accumulating, quietly positioning for the next leg up while the rest of the market is still shaking off the bearish sentiment?
We're seeing some attempts at consolidation around these current levels, trying to find a floor after the big drop. This setup is primed for a significant move. The market's throwing us mixed signals, but these kinds of divergences don't last forever. Keep those charts open, because when this coiled spring unwinds, it's going to be explosive. Don't be caught sleeping!
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