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Perp funding remains negative even as $BTC eases. Everyone is short-selling, and traders are paying to maintain those bearish bets 📉.
No one is returning to shorting as they did in previous recoveries.
This means that shorts are heavily crowded—easy to push if the price rises. But those using leverage haven't yet started buying the rebound ⚡️👀.
#AreYouBullishOrBearishToday?
No one's jumping back into longs like they did in past recoveries.
Means shorts are super crowded—easy squeeze if it pumps. But leveraged folks aren't buying the rebound yet ⚡️👀.
#AreYouBullishOrBearishToday?