Is a $BTC Reversal on the Horizon? 🤔
The funding rate on #Binance has now hit its lowest point since October 2023.
Back then, #BTC was hovering around $26,000.
So, why does this matter?
▶️ Lower funding rates suggest that market sentiment has cooled down, with less greed in the air.
▶️ Rising shorts (alongside increasing open interest) often set the stage for a potential short squeeze, which could trigger a sharp BTC reversal.
Stay tuned—things could be about to get interesting! 👀
