As of around 14:42 Moscow time, Binance spot BTCUSDT was around 69,338, down about 4.97% over 24 hours. The intraday low remains around 67,568, with no new low.
Binance BTCUSDT funding rates: Today, the 03:00 Moscow settlement was 0.01%, and the 11:00 settlement was still around +0.001270%. The predicted rate was around +0.003455% at about 09:35 this morning, and around -0.001096% at about 14:42. It is the predicted rate that turned negative—not the settled rate, which has not reached zero.
The long/short ratio by account across all Binance USDⓈ-M futures rose from around 3.19 at 09:15 Moscow time to around 3.46 at 14:00, with long accounts at about 77.6%. Top traders’ positions were about 67.3% long, only slightly down from around 67.6% at the same time, 09:15.
One interpretation is that the predicted funding rate has turned negative after the rebound; another is that accounts are more heavily skewed toward longs. A negative predicted rate should not be taken to mean that overcrowding has eased. Price volatility risk remains, and this is not a trading recommendation.
What this means for you: If the predicted funding rate turns positive and the long/short ratio falls, this divergence will ease. If the price approaches the low again while the long/short ratio continues to rise, you shouldn’t assume that overcrowding has eased. Which matters more to you: that the predicted funding rate has turned negative, or the need to be more cautious because accounts are increasingly skewed toward longs?
$BTC #资金费率 #行情
Binance BTCUSDT funding rates: Today, the 03:00 Moscow settlement was 0.01%, and the 11:00 settlement was still around +0.001270%. The predicted rate was around +0.003455% at about 09:35 this morning, and around -0.001096% at about 14:42. It is the predicted rate that turned negative—not the settled rate, which has not reached zero.
The long/short ratio by account across all Binance USDⓈ-M futures rose from around 3.19 at 09:15 Moscow time to around 3.46 at 14:00, with long accounts at about 77.6%. Top traders’ positions were about 67.3% long, only slightly down from around 67.6% at the same time, 09:15.
One interpretation is that the predicted funding rate has turned negative after the rebound; another is that accounts are more heavily skewed toward longs. A negative predicted rate should not be taken to mean that overcrowding has eased. Price volatility risk remains, and this is not a trading recommendation.
What this means for you: If the predicted funding rate turns positive and the long/short ratio falls, this divergence will ease. If the price approaches the low again while the long/short ratio continues to rise, you shouldn’t assume that overcrowding has eased. Which matters more to you: that the predicted funding rate has turned negative, or the need to be more cautious because accounts are increasingly skewed toward longs?
$BTC #资金费率 #行情