Hear me out


Funding Rates across all major exchanges are nearing negative territories for all major crypto tokens, like bitcoin:native, $ETH, $SOL, $XRP and others
For those who don’t understand funding rates, they measure the ratio between perpetuals, so both long and short positions and whenever they are negative, it signals that bears are overleveraged and historically that has marked bottoms.
Now, I’m not saying this consolidation phase can’t go on for longer, it sure can
But considering that the bullish market structure is still intact, with Bitcoin holding above $74K and $ETH above $2,050, I would say shorting this setup, or hedging against further downside is a bad approach.
BTC1.66%
ETH1.57%
SOL2.96%
XRP2.17%
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