Let's take a look at the current market situation and try to analyze where BTC price will go soon 🔎

‱ As you can see, the price is falling and is now at the $59,000 level.

‱ At the same time, the Aggregated Open Interest is growing, which means that traders are actively taking positions during this decline.

‱ It remains to understand what positions are being taken, and here the Aggregated Funding Rate will help us, which as you can see is turning negative, indicating that most of the new positions are shorts.

đŸ€” Only one question remains, will the market punish the late shorts with a pump or will it let them make money and continue to fall?

Where will the market go from here in the next few days? Let's vote 🗳

Up — 👍

Down — 👎