$BTC funding rates have hit their most negative levels since 2023, per Glassnode.


{future}(BTCUSDT)
Historically, deeply negative funding rates have coincided with local bottoms, including March 2020, mid-2021 and the FTX collapse in 2022.
BTC-0.13%
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GateUser-1c8a1331
· 23m ago
To the moon and back
Reply0
FeeFiFoFum
· 2h ago
History rhymes but doesn't copy; references are okay, risk control first.
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EbbShellLedger
· 2h ago
Taking spot gradually is fine, but don't get caught up in futures. Extremely negative funding rates often just shake people out first.
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BetaTestHuman
· 2h ago
2020/2021/FTX those few times indeed were near the bottom, but don't forget it might also come down for another test first.
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OldBlackVelvetKey
· 2h ago
There is a high risk of short squeezing at this time; just a slight rally can trigger a chain of liquidations.
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NonceNinja
· 2h ago
Once this chart from Glassnode is out, it feels like another classic moment of "Fear in others, greed in me."
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ForkingDrama
· 2h ago
Negative funding does not mean an immediate reversal, but it indicates low short-selling costs and a bearish sentiment, often not far from the stage bottom.
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TAKD
· 2h ago
Thanks
Reply0
ApeWithHomework
· 2h ago
Negative fee rates have reached an extreme again; the bears are truly squeezed to the breaking point.
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