Brothers, look at the BTC chart from September until now, it really is a long story. Back in September and October, the price seemed to be climbing nicely, with funding rates popping up like mushrooms, indicating that everyone was very confident in the Long position. Just when it seemed like we were about to soar high, there was a correction in mid-October, the price dipped a bit, and funding rates also turned red at times, just like the saying "the heart of man is easily changed."
As we enter early November, everything seems a bit calmer, the price isn't fluctuating much, and the funding rate is stuck around 0%. It's indeed the phase of "whoever wants to Long can Long, Short can Short, I’m going to sleep now".
But this December is totally different! The price of BTC has had a long drop from around 100K down to nearly 80K. Just looking at the price chart makes me want to sigh! The funding fees also reflect the mood of the traders: sparse, and there are even some deep red candles appearing. Clearly, the Short side has a slight advantage, or at least the Long side is quite "nervous" now.
In short, this end of the year seems to be a test of patience for Long holders. The price keeps sluggishly going down, and the funding isn’t very enthusiastic anymore. Be careful, or you might see more gray in your account than green!
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