BTC is sitting around $81K after last week's billion-dollar liquidation cascade, and funding just flipped back to positive — 10.9% annualized, the richest funding rate of the top 5 coins right now (via @coinglass_com data).
That's the part worth sitting with. Positive funding means longs are paying shorts to hold their positions, and long accounts are outnumbering shorts 62.5% to 37.5%. Traders aren't just holding through the drawdown, they're paying a premium to stay long into it. That's either conviction that $80K support holds, or it's exactly the kind of crowded positioning that gets flushed on the next leg down.
Worth watching: if price keeps grinding sideways while funding stays elevated, the unwind risk builds on the long side, not the short side.
Where do you think this resolves, continuation higher or another long squeeze?
#Bitcoin #TradingSignals #Crypto #TokenBot $BTC $TBOT
tokenbot.com
That's the part worth sitting with. Positive funding means longs are paying shorts to hold their positions, and long accounts are outnumbering shorts 62.5% to 37.5%. Traders aren't just holding through the drawdown, they're paying a premium to stay long into it. That's either conviction that $80K support holds, or it's exactly the kind of crowded positioning that gets flushed on the next leg down.
Worth watching: if price keeps grinding sideways while funding stays elevated, the unwind risk builds on the long side, not the short side.
Where do you think this resolves, continuation higher or another long squeeze?
#Bitcoin #TradingSignals #Crypto #TokenBot $BTC $TBOT
tokenbot.com