Short trade (x50)
Quick take: $BTC holds up. Look closer, and you'll find that long-position holders are paying to stay in their positions.
Setup:
Entry: 76942.48–76998.6
Target 1: 76464
Target 2: 76000
Target 3: 75588
Stop loss: 77476.44
A funding rate of 0.01% means long-position holders are paying short-position holders just to keep their positions open, so holding them costs money while the price struggles to rise. What stands out to me here is that the trade only works if the price first rises to 76942.48. The stop loss is 0.6% away from that level, leaving room for error before reaching the 0.7% target.
Do you think this funding rate suggests that long-position holders have reached their limit, or is it simply steady demand?
⚠️ This is a personal market view, not investment advice. Do your own research.$BTC
Quick take: $BTC holds up. Look closer, and you'll find that long-position holders are paying to stay in their positions.
Setup:
Entry: 76942.48–76998.6
Target 1: 76464
Target 2: 76000
Target 3: 75588
Stop loss: 77476.44
A funding rate of 0.01% means long-position holders are paying short-position holders just to keep their positions open, so holding them costs money while the price struggles to rise. What stands out to me here is that the trade only works if the price first rises to 76942.48. The stop loss is 0.6% away from that level, leaving room for error before reaching the 0.7% target.
Do you think this funding rate suggests that long-position holders have reached their limit, or is it simply steady demand?
⚠️ This is a personal market view, not investment advice. Do your own research.$BTC
