🚨 BINANCE TRADER IN DISBELIEF !
👉 Don't sleep on this, we don’t get setups like this very often.
While Bitcoin is delivering a daily performance of nearly 5%, investors on Binance don't seem to believe this rally will last.
Whiereas BTC continues to climb, funding rates on Binance have turned negative, currently sitting at around -0.006 at the time of writing.
⚠️Since the beginning of this cycle, such low funding rates have only occurred twice :
➡️ On October 16, 2023, when BTC surged from $28 000 to $73 000
➡️ On September 9, 2024, when BTC moved from $57 000 to $108 000
If investors behavior remains consistent, this kind of trader disbelief could potentially lead to another bullish rally.
👀 Definitely something to watch closely...