Bitcoin funding rates just hit their most negative levels since 2023 according to Glassnode.

This is a classic bottom signal.

When funding goes deep negative, it means:

• Shorts are paying longs to hold positions

• Market is extremely bearish

• Everyone's positioned for more downside

Historically, this setup has marked local bottoms before violent relief rallies.

The crowd is max bearish. That's when BTC tends to reverse hardest.

Watch for a funding reset and volume spike. Could be the entry dip degens have been waiting for.