Is it finally the time? $FTM | CRYPTO MECHANIC on Binance Square

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Is it finally the time? 
$FTM 

CRYPTO MECHANIC

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$FTM update

Price holding above that key zone i mentioned before. The chart still looks fine, Hopefully it will leave this consolidation soon.

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Crypto funding rates Explained Crypto funding rates are fees paid between traders in perpetual futures contracts to keep the contract price close to the actual market price of the cryptocurrency. Here's how it works in simple terms: Funding Rate is a small fee exchanged between traders (longs and shorts) periodically, Binance charge every 8 hours.( on some exchange it may be different) If the funding rate is positive, traders holding long positions pay those holding short positions. If it's negative, shorts pay longs. WHY exchanges charge funding rates? The funding rate helps balance the market. If the contract price is higher than the actual price (premium), longs pay shorts to encourage selling and bring the price down. If the contract price is lower (discount), shorts pay longs to encourage buying and push the price up. How funding rate is calculated ? Exchanges calculate the funding rate based on the difference between the contract price and the actual price (spot price). It’s often a small percentage of the contract value. In short, funding rates keep perpetual futures prices aligned with the real market price by incentivizing traders to balance the market. Funding rates also show market sentiment positive funding = more longs negative funding = more shorts

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People are very Salty right now for what market did and i see funding rates on Xrp and Ada are also negative. That means people are now positioning short on the market. This is what made me think it might just not go straight down.

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It might be possible for the market to slow down or bounce up before the White House crypto summit on Friday. Personally, I'll just sit on the sidelines and let the volatility settle. The high-timeframe charts are ticking downward, so I'll pay more attention to those rather than getting caught up in the small-timeframe noise. I just don't want to risk my money when uncertainty is at its peak.

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