Prediction evidence

Ma

That Martini Guy ₿

@MartiniGuyYT

Bitcoin funding rates are negative across most exchanges again this morning. That's important because BTC has already bounced nearly $8,000 from the lows. A lot of people look at negative funding and immediately assume that's bearish. The problem is that when too many traders are short after a move like this, those shorts can become fuel for more upside if they're forced to close. That's the risk right now. The short squeeze setup I was talking about yesterday hasn't disappeared. Add in the Iran peace deal headlines overnight and the short-term risk profile has changed quite a bit. Longer term, I still think the bigger opportunity may be lower. Short term, I'm more interested in what the market is showing me today than forcing yesterday's view onto today's price action.