🚨 BTC FUNDING RATE WARNING 🚨
Bitcoin perpetual funding rates have surged to a ~20-month high as leveraged long positions continue building around the $64K zone.
⚠️ This means longs are becoming increasingly crowded.
If BTC fails to reclaim the $66.3K resistance, excessive leverage could trigger a sharp long squeeze. But a clean breakout and acceptance above resistance could fuel the next upside move.
📊 Watch Funding + Open Interest closely.
🔥 Crowded longs = higher volatility ahead.
$BTC
#Bitcoin #Crypto #BinanceSquare #BTCPerpFundingRateHits20MonthHigh
Bitcoin perpetual funding rates have surged to a ~20-month high as leveraged long positions continue building around the $64K zone.
⚠️ This means longs are becoming increasingly crowded.
If BTC fails to reclaim the $66.3K resistance, excessive leverage could trigger a sharp long squeeze. But a clean breakout and acceptance above resistance could fuel the next upside move.
📊 Watch Funding + Open Interest closely.
🔥 Crowded longs = higher volatility ahead.
$BTC
#Bitcoin #Crypto #BinanceSquare #BTCPerpFundingRateHits20MonthHigh