𝗜𝘀 $BTC 𝗿𝗲𝘃𝗲𝗿𝘀𝗮𝗹 𝗰𝗼𝗺𝗶𝗻𝗴?

The funding rate on #Binance

BTC

90,446.28

-2.41%

has reached its lowest level since October 2023.

The last time it was this low, #BTC was trading around $26,000.

𝑊ℎ𝑦 𝑖𝑠 𝑡ℎ𝑖𝑠 𝑖𝑚𝑝𝑜𝑟𝑡𝑎𝑛𝑡?

▶️ Low funding rates often imply that market greed has gone down.

▶️ It also signals that shorts are going up (given that OI is increasing), which usually results in a short squeeze.