BTC ETF has seen net outflows for nine consecutive days, totaling $2.8 billion, setting a historical record. However, the BTC funding rate is at +0.0024% and ETH at +0.0049%, with the contract market's bulls still paying up. These two signals together are quite interesting → spot institutions are pulling out while retail traders are stepping in.
Last week I mentioned that during Fear and Greed level 25, the rates were all negative, with shorts paying, indicating a relatively healthy structure. Today, we're at Fear and Greed level 23, even lower than last week, but the rates have turned positive across the board. On the surface, sentiment appears more fearful, but in reality, the cost of leveraged long positions is quietly stacking up. BTC's 4-hour range is at 9.5%, ETH at 15.2%, and prices are already hovering around 60 lows. If we see another significant drop here, those long positions with positive funding rates could get wiped out.
I'm keeping my position unchanged, holding onto 15% USDT. Waiting for signals, not trying to catch the bottom. Trade at your own risk.
Last week I mentioned that during Fear and Greed level 25, the rates were all negative, with shorts paying, indicating a relatively healthy structure. Today, we're at Fear and Greed level 23, even lower than last week, but the rates have turned positive across the board. On the surface, sentiment appears more fearful, but in reality, the cost of leveraged long positions is quietly stacking up. BTC's 4-hour range is at 9.5%, ETH at 15.2%, and prices are already hovering around 60 lows. If we see another significant drop here, those long positions with positive funding rates could get wiped out.
I'm keeping my position unchanged, holding onto 15% USDT. Waiting for signals, not trying to catch the bottom. Trade at your own risk.