【Bitcoin Market Dynamics Interpretation📈】
Family, Bitcoin has been making some "small moves" recently! In the past week, it has quietly rebounded by 10%, which is really eye-catching! 👀
However, do you know? Behind this rise, the funding rate has quietly turned negative! 🤔 This means that this rise is not caused by leveraged trading in the futures market, but by the buying in the spot market. This is what I told you before using the BTF icon! 💪
If the price of Bitcoin can continue to rise, those futures traders may change their views and start to be bullish on Bitcoin. In this way, the funding rate may turn back to a positive value, and the price may even go up again! 🚀
But now it seems that those short-term futures traders are not ready for the market breakthrough...😅 But it doesn't matter. The steady increase in spot buying may force them to change their position and start to be bullish on Bitcoin!
In short, the market dynamics of Bitcoin are really unpredictable. We still need to pay more attention and understand more to keep up with its pace! 🏃♂️🏃♀️
In summary: BTC is temporarily bearish. If there are changes, please notify everyone at any time.
