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$BTC Funding Rate - All Is Well!
Funding rate tracks how many futures positions are open, which also shows how greedy traders are with leverage, often lining up with major tops.
We saw this in action at the 2020 cycle top and during the big April 2024 crash. While the signal isn't instant, it's a great early warning to take profit.
Right now, funding remains fairly neutral, which is impressive considering Bitcoin's current price. This tells me the rally still has room to run.