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Image Credit: Coindoo

Extreme Fear Sets In as Bitcoin Funding Rates Turn Negative Again

  • Bitcoin funding rates have turned negative, signaling extreme fear in the derivatives market.
  • Negative funding rates imply traders are paying to hold short positions, indicating a majority expecting further downside.
  • Historically, when funding rates went negative, major price rebounds in Bitcoin followed.
  • Traders are closely monitoring the situation, as a short squeeze could potentially flip sentiment and fuel another upward movement.

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