BTC FUNDING RATE JUST TRIPLED TO 10%
Perpetual funding jumped from around 3% to 10% annualized as open interest added $2.3 billion.

Longs are paying up to stay in the trade.
That’s real conviction showing up in the leverage.

Price has been holding the higher range while traders load risk.

I’m watching whether this stays elevated or cools off.

Extreme positive funding can get crowded fast.

Bullish leverage building or getting overextended?

$BTC
#bitcoin #fundingrate #crypto #bitcoinfundingratetriplesto10%