Funding rates for ETH, BNB, and DOGE have all turned negative—longs have stopped paying, and shorts are starting to get paid
📊 Data (OKX, as of 12:41): BTC 68,785 (-6.67%), ETH 1,925 (-6.05%), BNB 632.41 (-6.56%), SOL 78.3 (-5.62%), XRP 1.0049 (-3.84%), DOGE 0.0634 (-5.7%). Major coins are all in the red.
😨 Funding rates (OKX perpetuals): BTC +0.0033% is still positive; ETH -0.0007%, BNB -0.0025%, and DOGE -0.0004% have all turned negative, while SOL +0.0068% and XRP +0.0063% remain positive. The balance between longs and shorts is flipping: at 11:40, BNB was the only one in negative territory; now half of the major coins have flipped.
🔍 My take: The broad shift to negative funding rates shows leveraged longs are giving up faster than prices are falling—this isn't a bottom signal; sentiment is only just starting to turn bearish. After breaking below 70,000 at 11:40, BTC made another new low at 68,522. 70,000 is now resistance overhead. Watch two levels: if 68,522 breaks again, look to 68,000; on the upside, only a reclaim and hold above 70,000 would make a false breakdown worth discussing. Invalidation: if the daily close moves back above 70,000, this bearish-sentiment call is invalidated.
Shorts are starting to get paid now. Do you think this is “overdone” or “just getting started”? A: Overdone B: Just getting started. Leave a letter in the comments 👇
$BTC $ETH $BNB
#BTC #行情分析 #Binance Square
Market data is from public market APIs and does not constitute investment advice.
📊 Data (OKX, as of 12:41): BTC 68,785 (-6.67%), ETH 1,925 (-6.05%), BNB 632.41 (-6.56%), SOL 78.3 (-5.62%), XRP 1.0049 (-3.84%), DOGE 0.0634 (-5.7%). Major coins are all in the red.
😨 Funding rates (OKX perpetuals): BTC +0.0033% is still positive; ETH -0.0007%, BNB -0.0025%, and DOGE -0.0004% have all turned negative, while SOL +0.0068% and XRP +0.0063% remain positive. The balance between longs and shorts is flipping: at 11:40, BNB was the only one in negative territory; now half of the major coins have flipped.
🔍 My take: The broad shift to negative funding rates shows leveraged longs are giving up faster than prices are falling—this isn't a bottom signal; sentiment is only just starting to turn bearish. After breaking below 70,000 at 11:40, BTC made another new low at 68,522. 70,000 is now resistance overhead. Watch two levels: if 68,522 breaks again, look to 68,000; on the upside, only a reclaim and hold above 70,000 would make a false breakdown worth discussing. Invalidation: if the daily close moves back above 70,000, this bearish-sentiment call is invalidated.
Shorts are starting to get paid now. Do you think this is “overdone” or “just getting started”? A: Overdone B: Just getting started. Leave a letter in the comments 👇
$BTC $ETH $BNB
#BTC #行情分析 #Binance Square
Market data is from public market APIs and does not constitute investment advice.