Crypto Express

07/09 08:49

Can bulls overcome funding pressure

Can bulls overcome funding pressure to reclaim dominance?

Finally, despite a persistent negative funding rate of -0.0189%, the long/short ratio climbed to 1.033, with longs slightly leading at 50.83%. 

Such a divergence highlighted a growing willingness from bulls to take positions, even at a funding cost. Often, such scenarios reflect stronger conviction from buyers who expect significant upside. 

If the funding rate begins to normalize while the long bias holds, it could fuel a momentum-driven breakout and challenge the short-side pressure seen throughout July.

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