📊 Update: Bitcoin funding rates drop to below 0.1% after the "bullish madness" wave!
━━━━━━━━━━━━━━━
📈 The most important news:
* Funding rates for Bitcoin perpetual futures ($BTC) have fallen to below 0.1%.
* This drop comes after a period of excessive optimism and high leverage experienced by traders on long positions.
━━━━━━━━━━━━━━━
💡 What does this mean?
* Funding rates are a key measure of sentiment in the derivatives market. A decrease indicates a decline in buying pressure from speculators and a reduction in excessive risk.
* This pullback can be interpreted as healthy for the market, as it lowers the likelihood of a mass liquidation of positions (long squeeze) in the event of any minor price correction.
* This cooling off in the market after reaching a new peak shows that the market is entering a phase of rebalancing, which may pave the way for more sustainable price movements in the future.
━━━━━━━━━━━━━━━
❓ Do you consider this drop in funding rates a positive or negative signal for the short-term price of Bitcoin?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to receive all updates
LEGENDARY_007
