Understanding Funding Rates (Futures Trading)

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Futures Traders, pay attention! 📊 The funding rate for $BTC is exceptionally high (0.01% every 8 hours). This means longs are paying shorts to keep their positions open. While this shows strong bullish sentiment, excessively high funding can sometimes precede a 'long squeeze' if the price stalls. Are you comfortable paying the premium to hold your long, or are you looking to hedge? Watch this indicator! 💡 #Binance #CryptoFutures #FundingRate #WriteToEarn

BTC
BTCUSDT
65,638.8
-4.02%