📉 Something's shifting in the #BTC market...

Per K33 Research, the 7-day avg. funding rate on Binance’s BTCUSDT perp just turned negative — for the first time since Sep 17, 2024.

This has only happened 4 times in 2 years:
🔹 Sep 19–22, 2023

🔹 Oct 20, 2023

🔹 Aug 16–24, 2024

🔹 Sep 10–17, 2024

👀 Meanwhile, 47,428 $BTC just hit exchanges — the largest short-term holder profit-taking spike in weeks (via CryptoQuant).

Two signals. One takeaway: Sentiment’s cooling off.

Is a deeper retrace brewing?