๐ธDear members of our community,
I have good news regarding the recent market evolution:
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
๐ฅ A negative funding rate, combined with a decrease in Open Interest, indicates that:
๐ Short positions are leaving the market, which reduces downward pressure.
Implications of this situation:
Sellers are closing their positions
Downward momentum is easing
The market is becoming less vulnerable to declines
A technical rebound is possible
This is simply a weakening of selling pressure, and not a strong bullish signal.
In summary:
โก๏ธ End of downward pressure
โก๏ธ Market stabilization
โก๏ธ Potential for a slight rebound
