BREAKING: #Bitcoin funding rates turn negative — a very rare signal historically followed by massive price surges. Buckle up.

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Discussion

Question: I thought that funding rates < 0 meant that more people are going short futures than long futures?

If that's true, then why should this be bullish? (I understand that, historically, it is bullish. Just curious the reasoning why.)

What does funding rate negative mean? I need a fiat translator.