The more arrogant the bears, the more violent the rebound?
BTC funding rates soar, longs are too crowded, a pullback could happen at any time.
The real bottoming point is often when bears are dense and rates turn positive—it's the trigger for the rebound.
Bitcoin may still have a wave of false breakouts to entice buyers.
ETH is stronger, funding rates have turned positive, and bears have instead become a signal to go long.
Remember: funding rates are a thermometer of sentiment, not based on guessing, but on watching who will be 'squeezed' out. The crypto market is a zero-sum game; don't get trapped by emotions.