Prediction evidence

Ma

That Martini Guy ₿

@MartiniGuyYT

Bitcoin funding rates are sending a very different signal to the spot market. Spot markets have been selling. Futures traders are still trying to buy. Funding rates remain mostly positive across the board, which tells me there still isn't much demand to short Bitcoin here. That's important. If funding had flipped heavily negative, it would suggest traders were aggressively positioning for more downside. Instead, it looks like most of the market is still trying to buy this dip. The pattern over the last few weeks has been fairly consistent. Bitcoin sells off on Thursday. Bounces on Friday. Then spends the weekend chopping sideways. Could we see that happen again? Potentially. But I think the odds are lower this time. For now, the biggest thing I'm watching is whether these longs can actually defend price. If they can't, they could end up providing the liquidity for another move lower.