Prediction evidence

Ma

That Martini Guy ₿

@MartiniGuyYT

Bitcoin funding rates are still largely negative. At first glance, that looks like increasing short pressure. But I don't think that's the whole story. From what I've been watching over the last 24 hours, it looks more like longs taking profit than aggressive new shorts piling in. That's an important distinction. If that's what's happening, then it's actually a lot more constructive for price in the short term than most people realise. The other thing I'm watching is open interest-weighted funding. The last time we saw a similar setup, Bitcoin pushed higher one more time before eventually rolling over. So the question becomes: Do we get one final move towards $70k before the market turns lower? This is what Im keeping a close eye on.