Traders are cautious about opening aggressive long positions amidst unclear signals from the market and political environment.
Low Bitcoin funding rates suggest a lack of euphoria, indicating a well-balanced derivatives market and not an overheated one.
Short positions remaining significant could fuel future price moves through short liquidations, while the market structure appears stable for long-term upside potential.
Funding rates vary across exchanges, with Binance and Bybit having higher rates compared to OKX and Deribit, making the latter more attractive for cost-conscious traders.