Kripto Mevsimi
Funding Rate(72H) is still very effective defining local tops-bottoms in a short time periods.
Some of you would remember my March 26th post about the same topic and we still had way to go https://cryptoquant.com/quicktake/623f70ccbcddf73b8391e865-Market-participants-are-not-so-sure-about-the-rally-this-timeWhich-is-good . We were at 44K on that date and seen 48K as a local top afterwards. Within this timeframe 72H Funding rate kept increasing. People tried to add more long positions, when price started to show some weakness. Which is terrible idea. You never long, If price tends to go lower. You take the high risk, there is no free money for everybody and welcome to liquidation. Till we go into negative side and people get more bearish then price can correct itself. These funding rate numbers are still very low however volume is also low so that's why small adjustment effects prices and investor psychology. Never try to take long positions when price tends to go lower this is basically greed, never try to take short positions when price tends to go higher this is fear.