Futures Markets Are Heating Up! Just Be Careful.

Futures-Markets-Are-Heating-Up-Just-Be-Careful

After BTC reached a new ATH for the first time, OI's RSI had reached the danger zone(above 70) and had been rejected from there, The same happened to the Funding Rate; it had fallen due to the OI's rejection.

Right now, during the bullish rally to $68,500, OI's RSI has reached above 70 and the funding rate has been in a strong uptrend. This means that a great number of futures positions are open and we may expect a short-term correction due to the liquidation/profit-taking of these positions.