šØ $BTC Futures Signal Update.
Funding Turns Negative
Something is happening in the derivatives market but it is not unusualā¼ļø
šFunding Rate just flipped negative
ā”ļø Traders are now being paid to go LONG
š” What does it mean?
ā»ļøThe market is heavily short
ā»ļøBearish positions are overcrowded
ā»ļøSentiment is leaning strongly to the downside
ā Hereās the interesting part:
Historically, when funding goes deeply negative like thisā¦
š Bitcoin often starts a short squeeze šš
š¬ Translation:
Bears are getting too confident
And weāve seen this movie before š
It doesnāt always end well for them, they will hunt the bears to trap them and boost confidence for bulls.
ā”ļø Bottom Line:
The market is overloaded with shortsā¦, which creates the perfect setup for a short squeeze .
Not guaranteed,Ā but a key signal you donāt ignore .
Donāt be carried away,we are still in a bear market no matter what happens next.
Donāt over leverage.
Stay guarded.