Bitcoin is exhibiting negative funding rate (more sellers than buyers) AND backwardation (future price lower than spot). Selling pressure is increasing, with price action stabilising. Brace yourself.
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Bitcoin is exhibiting negative funding rate (more sellers than buyers) AND backwardation (future price lower than spot). Selling pressure is increasing, with price action stabilising. Brace yourself.
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I still cannot manage to post here without fucking up every time. The cringe in my followers must be powerful.