Family! I just brushed up on the latest funding rate data, and it's still completely bearish, just like I predicted before! To be honest, I'm not surprised at all because on-chain data has already given it away: large Bitcoin addresses have been reducing holdings recently, and the inflow to exchanges has quietly increased, indicating that many large holders are secretly fleeing. Coupled with the stagnant news front, there's not a bit of positive stimulus, and macro-wise, the Fed's situation is still uncertain, so it's strange for the market sentiment to be good!
I've already warned in the circle that we shouldn't expect a big rebound in the short term. Now that the funding rate is below 0.005%, it confirms the bearish sentiment. As a veteran in the crypto space, I rely on the combination of data and news for judgment—previously, I made several successful exits based on this method! So this time, I stick to my analysis: the crypto market still needs to consolidate in the short term, and there won't be any significant improvement.
Fans, listen to me: don't get itchy fingers and try to catch the bottom just because the price is dropping. The market is always full of opportunities, but what's lacking is patience! As traders, we need to wait for the right moment like hunters. I'm confident in my analysis this time; you should also remain steady, strictly follow the strategy, and don't blindly enter the market to lose your investment! Remember, markets are born in despair, but we're not at that point yet. Let's stay alert and wait for my next signal!
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