š„ New: $ZKP
š Funding rates on Bitcoin are turning negative
On Binance, we notice that funding rates have started to lean towards negative in several timeframes.
š§Ø What does that mean?
⢠Increased concentration of short positions
⢠Weak confidence among traders in the short term
⢠This situation often precedes a rebound or a local bottom
š Likely scenario:
We may see additional limited declinesā¦
But indicators suggest that the bottom is close ā³
š Watch for a sudden reversal, as the market always punishes the latecomers.