timelessbeing2021-07-06

Funding has been consistently negative since the Big Flush on May 19th

When funding gets excessive to either side, it is time to take notes, as it reflects the potentially crowded trade in market Positive funding= longs pay shorts Negative funding=shorts pay longs Important to note, funding has been consistently below baseline of 0.01% (one basis point) for over 1 month Funding is an indication of trend, but I think we can glean a lot when market is ranging A sideways market with a premium= absorption above A sideways market with a discount= absorption below