Key Points: Retail BTC buying surges following US rate cut Binance futures funding rate and open interest rise * Bitmex whales exhibit cautious approach Analysis: After the Federal Reserve's recent rate cut, the cryptocurrency market has witnessed a notable increase in buying activity, particularly in the retail segment. This is evident from the rising Binance BTC futures funding rate and open interest. However, a closer look reveals that Bitmex whales, known for their market-moving trades, are not actively participating in the current buying spree. This suggests that they are closely monitoring the impact of the rate cut and are not yet ready to commit significant capital. This divergence in sentiment between retail investors and whales highlights the need for caution in interpreting market signals. While the initial surge in retail buying may be seen as a positive indicator, it is crucial to observe the behavior of whales and other institutional investors to gauge the long-term trajectory of the market.

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