$BTC funding rates have hit their most negative levels since 2023, per Glassnode.


{future}(BTCUSDT)
Historically, deeply negative funding rates have coincided with local bottoms, including March 2020, mid-2021 and the FTX collapse in 2022.
BTC4,33%
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Orange-FlavoredBlock
· 1h ago
If the funding rate remains negative and open interest (OI) is still high, it’s more like waiting for a major liquidation.
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LightsInTheMistyValley
· 2h ago
Is it time for the Air Force to make a payment? But the market might also take longer to consolidate sideways, wearing out the bulls' patience.
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GateUser-9ccf7051
· 6h ago
I'm more concerned about whether the on-chain chips are moving downward; just looking at funding can easily be misled into entering the market.
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Hermit96
· 7h ago
The World Cup will definitely bring a wave of clutch moments.
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GateUser-1c8a1331
· 11h ago
To the moon and back
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FeeFiFoFum
· 13h ago
History rhymes but doesn't copy; references are okay, risk control first.
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EbbShellLedger
· 13h ago
Taking spot gradually is fine, but don't get caught up in futures. Extremely negative funding rates often just shake people out first.
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BetaTestHuman
· 13h ago
2020/2021/FTX those few times indeed were near the bottom, but don't forget it might also come down for another test first.
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OldBlackVelvetKey
· 13h ago
There is a high risk of short squeezing at this time; just a slight rally can trigger a chain of liquidations.
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NonceNinja
· 13h ago
Once this chart from Glassnode is out, it feels like another classic moment of "Fear in others, greed in me."
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