๐—œ๐˜€ $BTC ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ฎ๐—น ๐—ฐ๐—ผ๐—บ๐—ถ๐—ป๐—ด?

The funding rate on #Binance

has reached its lowest level since October 2023.

The last time it was this low, #BTC was trading around $26,000.

๐‘Šโ„Ž๐‘ฆ ๐‘–๐‘  ๐‘กโ„Ž๐‘–๐‘  ๐‘–๐‘š๐‘๐‘œ๐‘Ÿ๐‘ก๐‘Ž๐‘›๐‘ก?

โ–ถ๏ธ Low funding rates often imply that market greed has gone down.

โ–ถ๏ธ It also signals that shorts are going up (given that OI is increasing), which usually results in a short squeeze.