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Why Bitcoin Funding Rates Smash Longs Before Next Moon Mission
$BTC high funding rates signal market confidence, with heavy longs outweighing shorts.
This sets the stage for periodic squeezes that liquidate overleveraged longs, allowing #Bitcoin to consolidate and prepare its next leg higher.
Healthy behavior for a maturing market.
February 17, 2024 at 11:55 AM
Twitter@CryptoPatel|11:44 AM - Feb 17, 2024
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