📌 Quick note on daily funding: late April it dipped hard — the heaviest derivatives sell-side pressure in two years.
Yet BTC chewed through it and kept pushing up. Solid bull signal (same pattern we saw almost a year back in 2024).
Right now average funding sits around the normal 0.01% across desks. So BTC isn’t overbought, no insane perp longs like we had right after Trump’s win. Means expected vol should stay lighter and price action can breathe.