Bitcoin scraped a 21-month low near $57K and is back above $59,748 (+2.4% today). ETH at $1,601 and SOL at $77 joined the bounce.
Relief rally, sure. Confirmed bottom? Not yet.
BTC perp funding is still positive at 0.0073%. That often means shorts got squeezed on the way up, not that leverage cleared out. Fear & Greed sits at 19, Extreme Fear, while spot climbs.
If funding stays positive on the next dip, treat this as a squeeze. Negative funding after a retest is when bounces look more durable.
#crypto $BTC $ETH #Trading #AI #CryptoAI #MarketOutlook
Not financial advice.
Relief rally, sure. Confirmed bottom? Not yet.
BTC perp funding is still positive at 0.0073%. That often means shorts got squeezed on the way up, not that leverage cleared out. Fear & Greed sits at 19, Extreme Fear, while spot climbs.
If funding stays positive on the next dip, treat this as a squeeze. Negative funding after a retest is when bounces look more durable.
#crypto $BTC $ETH #Trading #AI #CryptoAI #MarketOutlook
Not financial advice.