I am currently awaiting an increase in Bitfinex's reserves. During the previous bubble market, when Bitfinex’s reserves were increasing and Binance’s funding rate turned negative, it often indicated that prices were nearing the bottom. While this observation is based on past occurrences, if the user base size of Bitfinex and Binance remains unchanged in this current bubble, I might witness this situation again.
Given the current circumstances where Binance's funding rate has turned negative, I am closely monitoring the developments at Bitfinex.
Written by nino