$BTC funding rate has stopped at 15 consecutive negative days and made a new official record, extending previous one (at the 2022 FTX bottom) by 2 days.


Today we have the most negative rate since the bottom in early Feb. This is not an environment where we'll just break down and create a new meaningful low as it doesn't favour a continuation to the downside.
Shorts remain dominant in this range lasting for 86 days now (3 months). Also this is a third weekly candle with negative funding. Which is something we don't get often and never while we were climbing up.
BTC-0.6%
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