$GTC Funding rate: -0.315%, ranked 3rd across the market; money is flowing from shorts to longs.
What the market is saying: Short positions are crowded, and holding costs are still accumulating.
Nearest support below: 0.223738 (15m structure level · touched 9 times); nearest resistance above: 0.227804 (15m structure level · touched 13 times). If positions in the crowded direction start to unwind, the price is more likely to move toward deleveraging.
#GTC #Binance Futures
What the market is saying: Short positions are crowded, and holding costs are still accumulating.
Nearest support below: 0.223738 (15m structure level · touched 9 times); nearest resistance above: 0.227804 (15m structure level · touched 13 times). If positions in the crowded direction start to unwind, the price is more likely to move toward deleveraging.
#GTC #Binance Futures
