Is a $BTC Reversal on the Horizon? đ€
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?
â¶ïž Lower funding rates suggest that market sentiment has cooled down, with less greed in the air.
â¶ïž Rising shorts (alongside increasing open interest) often set the stage for a potential short squeeze, which could trigger a sharp BTC reversal.
Stay tunedâthings could be about to get interesting! đ
