$SPELL ¡Watch out for the Binance Futures Radar!

I wanted to share with you a very useful tool on Binance: the "Futures Radar".

This radar shows us the cryptocurrencies with a strongly negative funding rate. This means that most traders in the futures market are betting on a decline.

What does this imply?

When the funding rate is very negative, the futures market is "overloaded" with sales. Some traders see this as a signal that there could be a price rebound soon, as bearish sentiment is at its peak.

How does it work?

The table shows:

-Cryptocurrency name: (e.g. ASR, API3, SKL).

-Funding rate: The negative percentage indicates the strength of the bearish sentiment.

-Countdown: This is the key data! It tells you how much time is left for bearish traders to pay a fee to bullish traders.

This information can be very useful for analyzing the market and finding possible trading opportunities. Always remember to do your own research before making any decisions. 🤗