$BTC is finally showing some early signs of recovery. But can it move back above the 87K yearly opening price, or is this simply a retracement before a later move lower to take sell-side liquidity below the February lows?
It’s hard to say given that the current price action has just tapped a premium region on the weekly chart.
So I think it’s safe to say that we’ll likely have a better idea of where this is headed next month. With May very well likely to be bearish in the short-term.
Looking ahead to June,
- I’d watch how the first weekly candle closes relative to May’s opening price plus we already made a weekly bullish inv. SMT with #USDT.D. So a close above it could send us toward 88K+.
- And a stronger close below May Opening, then the more likely we’ll see a move that erases all of April and May’s gains which continues the hunt for sell-side liquidity below 60K.
1 day left.
@4aibsc
That’s it.
Final Run is about to close, and this is literally the last window to move your position.
2X points are still live rankings can still shift but not for long.
After this no catching up.
I’ve been consistent every day… not about to stop now.
If you’re still thinking about it, you’re already late.
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Reality: pay or receive funding rate every 8 hours based on position.
Positive funding: longs pay shorts. Negative funding: shorts pay longs.
Sounds balanced until you see funding rates hit 100%+ annualized during volatility.
You're long, paying 0.1% every 8 hours = 109% annually.
Position up 15%, paid 20% in funding.
Net: -5%.
Made money on trade, lost money to funding mechanics.
Platforms profit from funding rate churn.
Users trade against each other, platform collects fees + liquidation revenue.
Funding rate supposed to balance longs/shorts.
Actually: mechanism to extract value from both sides.
At @DigiMaaya we're transparent about funding costs - show annualized rate before position opening, not hidden in fine print discovered when paying.
Should funding rates have caps? Is 200% annualized reasonable? When does "balancing mechanism" become "hidden fee"?
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