@IClaimThings@exitpumpBTC@KillaXBT Looking at funding and thinking it directly reflects perp positioning is oversimplifying things and will give you the wrong read at times like this.
@IClaimThings@exitpumpBTC@KillaXBT No mate you're missing something fundamental about funding rates. When spot buying far outweighs perp buying, the funding rate goes down to encourage more longs.
@astronomer_zero You’re the best account on here still Astro. We learn so much more about the reality of trading because of your transparency. Most accounts give a false sense of reality and only want to make it look like they are always right. Thank you 🙏
@Orderandflow Was a great explanation of the thought process. Gate keeping system has done its job and risk is defined. No trade is ever guaranteed to work out so that’s the game we play. Well done ser.
@robertkottelin@corgil First reaction was lol. But it’s really doesn’t seem implausible when purely looking at percentages. I think the playing field has changed a lot though. Buyers from this cycle aren’t going to sell as quickly as past cycles. They are now larger entities, not just BTC OGs