maartunn
Funding rates are negative for 7 days already
The funding rate on Perpetual Swap contract of $BTC USD are negative for 7 days already. In my opinion, this is an important development for a potential trend reversal. Last 2 bottoms we're formed in period of negative funding rates, so for now it is good to see đ Personally I don't understand why you would open a short position (other than macro doom scenario). BTC Price is 50% down from the lows, there are historical low amount of $BTC available to buy and the only ones who are selling are Short-term HODL'ers.