Funding matrix is strictly negative across the board.
Retail got stuck in late shorts.
When funding flips this deep red, it tells me positioning is crowded. I checked the order books — aggression is one-sided, but price isn’t expanding lower.
Negative funding + stalled downside = pressure building.
Late shorts are paying to stay in.
If bids step in, squeeze potential increases fast.
Crowded trades don’t resolve quietly.
Watch liquidity. Watch reactions, not opinions.