Folks, the price just surged to $90,000, and the on-chain data immediately changed its tune!📉
According to the latest monitoring, the BTC funding rates on major exchanges (Binance, OKX, etc.) have returned to neutral! What does this mean? It means that the previous frenzied bullish sentiment is dissipating, and the market is becoming hesitant and cautious.🤔
What’s more alarming is that Ethereum and altcoins' funding rates have surprisingly turned negative on a large scale!📉 This indicates that short-selling forces are fighting back, or that the bulls have run out of steam.
💡 In-depth analysis
Neutral funding rate = Pre-reversal signal: When everyone is uncertain about the direction, it is the easiest time for 'spikes' or large-scale liquidations to occur.
Altcoins under pressure: The negative funding rates of ETH and altcoins indicate that funds are being withdrawn. Everyone should be cautious of the risk of altcoins' correction!
💰 Trading Suggestions
At this position, do not blindly go all in! The current strategy should be to secure profits or set strict stop-losses. When the market is unclear, preserving the principal is the key!🛡️
