𝗜𝘀 #BTC 𝗕𝗧𝗖 𝗿𝗲𝘃𝗲𝗿𝘀𝗮𝗹 𝗰𝗼𝗺𝗶𝗻𝗴🔴
The funding rate on #Binance has reached its lowest level since October 2023.
The last time it was this low, $BTC BTC was trading around $26,000.🔴
𝑊ℎ𝑦 𝑖𝑠 𝑡ℎ𝑖𝑠 𝑖𝑚𝑝𝑜𝑟𝑡𝑎𝑛𝑡?🤔🤔🤔
✅ Low funding rates often imply that market greed has gone down.👇👇
✅It also signals that shorts are going up (given that OI is increasing), which usually results in a short squeeze.🏆🏆
