After #Bitcoin reached its peak, the market became overly fomo due to Long positions, with a high funding rate (0.06-0.08%).

The price correction liquidated 42 million USD of Long positions, and the funding rate decreased to 0.008%.

After the price drop, traders shifted to Short bets, but American investors continued to buy $BTC BTC spot, pushing the price to a new high of 90,000$.

=> Short-term traders are very sensitive to market fluctuations; if they trade against futures traders, the likelihood of losses will be lower.