💥 New: $ZKP
📉 Funding rates on Bitcoin are turning negative
On Binance, we notice that funding rates have started to lean towards negative in several timeframes.
🧨 What does that mean?
• Increased concentration of short positions
• Weak confidence among traders in the short term
• This situation often precedes a rebound or a local bottom
📌 Likely scenario:
We may see additional limited declines…
But indicators suggest that the bottom is close ⏳
👀 Watch for a sudden reversal, as the market always punishes the latecomers.
