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Binance Traders Are Betting Against Bitcoin Bullish Momentum

  • Falling funding rates on Binance indicate increasing short positions amid Bitcoin's bullish momentum.
  • Traders on Binance appear to be opening more short positions, betting against a rising Bitcoin price.
  • Bitcoin's price has been fluctuating between $100,000 and $110,000, with skepticism prevailing despite the upward trend.
  • While Bitcoin trading volume has surged, the short bias remains strong, with a majority of retail traders hesitant to believe in the ongoing rally.

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