Market participants are not so sure about the rally this time...Which is good!

Market-participants-are-not-so-sure-about-the-rally-this-timeWhich-is-good

Let's check the below table.  Below funding rate chart shows us funding rate with 72H moving average. 
We tried the same 42K-45K area 5 times since the beginning of 2022. We could not pass 45K however this is the first try, which;

- Funding rates are below 0.0031 level. 
- Right now we are at 0.0012.
- Other 4 try was above 0.0031.

I know these numbers are not too high or too low so we can easily say they are nothing and neutral.
That's why, I will try to concentrate into future traders feeling/sentiment with this chart.

What I understand from market psychology?
- Most of the participants feel that this try will also get the same result and fail.
- That's why, they do not heavily longing and funding rates stay more silent than other 4 tries.
- We even saw negative funding rates on the run but they just added another wood into the fire.

If they keep the same attitude and "disbelief" then this try, can be the best chance for bulls since the beginning of this year to see higher levels