🐋 For those keeping an eye on capital flows, the 4-hour MACD death cross at $BTC (below the zero line) can be assessed alongside two things:
· Futures open interest: If open interest rises after the death cross, it may mean new short positions are entering; if it falls, the drop is more likely due to longs closing their positions.
· Funding rate: A rapid shift into negative territory indicates crowded shorts, so watch out for a move in the opposite direction.
Will the market change direction next?
· Futures open interest: If open interest rises after the death cross, it may mean new short positions are entering; if it falls, the drop is more likely due to longs closing their positions.
· Funding rate: A rapid shift into negative territory indicates crowded shorts, so watch out for a move in the opposite direction.
Will the market change direction next?