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Hey, I just saw that the Bitcoin funding rate is at its lowest point in the last three months. That's quite interesting because usually when perpetual funds are so cheap, it means there are many leveraged short traders expecting a drop.
What catches my attention is that with these low levels in the perpetual fund, conditions could be set up for a short squeeze. If the price suddenly rises, all those who bet on the downside will have to close their positions quickly, which could accelerate the bullish move. It's like a compressed spring, you know?
Trading volume continues to move, so something is happening in the market. These moments when the perpetual fund is so depressed always pique my curiosity. We'll have to keep an eye on whether Bitcoin manages to break upward and trap all those shorts.