LloydLewis21Jan 6, 2022
Possible Reasons Funding Isn’t Negative🤔
- No ‘mountain’ 🏔of leveraged longs (price dump didn’t initiate long squeeze🤷🏻♂️
- Chart in Fig 1 takes the Perpetual Futures funding rate and weights it by $BTC denominated open interest (compared to historical mean)📉
- The funding rate (position of derivative traders) is far more significant when open interest is at elevated levels 📚
- Very much a sign of accumulation IMO. The Aggression (Fig 1) is at much lower levels than seen with the bull run to $64k up to April 2021
- A dip similar to those shades in green circles (Fig 1) in order to cause a full reset?🤔
Fig 1: Graph To Illustrate Market Aggression Sources: