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Rasheed crypto Guy
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🐂🚨 BITCOIN FUNDING RATES JUST HIT 2024 BOTTOM LEVELS – HISTORY SAYS PUMP INCOMING? 📉➡️🚀
The last time funding rates were this negative (August 2024), Bitcoin was around $55K. What happened next? An 83% surge to over $106K just months later .
Why this matters:
🔴 Extreme Fear: Funding is deeply negative. This means shorts are paying longs to keep positions open. The market is crowded with bears .
🟢 The "Fireworks" Setup: When shorts get too crowded, a tiny upward move can force liquidations, creating a short squeeze rocket fuel .
🐳 Whale Watching: Mubadala (UAE) just boosted Bitcoin ETF holdings by 45% to $630M. Institutions are buying the fear .
The Key Levels:
🛡️ Support Zone: $65K–$68K (must hold for bullish structure)
🎯 Breakout Confirmation: A daily close above $70,610 could trigger the squeeze toward $73.5K and $76.7K .
Is this the "fireworks" setup before the next leg up, or will the bears get paid? What's your play? 👇
#bitcoin #BTC #crypto #FundingRates #WriteToEarn $BTC BTC $PEPE
{spot}(BTCUSDT)
{spot}(PEPEUSDT)
The last time funding rates were this negative (August 2024), Bitcoin was around $55K. What happened next? An 83% surge to over $106K just months later .
Why this matters:
🔴 Extreme Fear: Funding is deeply negative. This means shorts are paying longs to keep positions open. The market is crowded with bears .
🟢 The "Fireworks" Setup: When shorts get too crowded, a tiny upward move can force liquidations, creating a short squeeze rocket fuel .
🐳 Whale Watching: Mubadala (UAE) just boosted Bitcoin ETF holdings by 45% to $630M. Institutions are buying the fear .
The Key Levels:
🛡️ Support Zone: $65K–$68K (must hold for bullish structure)
🎯 Breakout Confirmation: A daily close above $70,610 could trigger the squeeze toward $73.5K and $76.7K .
Is this the "fireworks" setup before the next leg up, or will the bears get paid? What's your play? 👇
#bitcoin #BTC #crypto #FundingRates #WriteToEarn $BTC BTC $PEPE
{spot}(BTCUSDT)
{spot}(PEPEUSDT)
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