$BTC Short selling frenzy? I prefer to wait for this fatal signal before taking action!
There are too many people shorting BTC now, and the funding rates are ridiculously high, but I have no intention of touching short positions at all.
The spot premium is still trending down, indicating that the bulls are also lacking momentum. If you ask me, unless the futures suddenly surge while the spot premium starts to turn negative, I will absolutely not consider shorting; continuing to watch is the safest bet.
The next 10x coin is about to be born, on July 30th, which is the day of the interest rate cut, the code for the 10x coin will be announced, stay tuned.
