$BTW This chart is showing some interesting signals. Price is down 1.88% over 15m, volume has surged to 4x, and OI is still rising—1h futures are up 2.33%, the anomaly percentile is 87.9%, ranking #25 across the entire pool. This doesn’t look like a liquidation cascade; it looks more like fresh shorts entering with leverage.
But what really caught my eye is the funding rate: -1.2310%, at the 96th percentile for the near term. Shorts are so crowded that they’re already paying longs. The buy/sell ratio is 0.87, and the taker trade imbalance is -7%—the selling pressure is real. But if price bounces, this crowd of highly leveraged shorts could be the perfect fuel.
OI is rising, notional value is shrinking, and price is still being pushed down—a very typical structure. But when funding gets this extreme, I generally don’t chase shorts. I wait for a signal.
But what really caught my eye is the funding rate: -1.2310%, at the 96th percentile for the near term. Shorts are so crowded that they’re already paying longs. The buy/sell ratio is 0.87, and the taker trade imbalance is -7%—the selling pressure is real. But if price bounces, this crowd of highly leveraged shorts could be the perfect fuel.
OI is rising, notional value is shrinking, and price is still being pushed down—a very typical structure. But when funding gets this extreme, I generally don’t chase shorts. I wait for a signal.
