The Bitcoin market landscape continues to evolve rapidly, with new developments emerging overnight that are reshaping short-term sentiment and long-term investor positioning across spot and derivatives 0 action remains steady, while on-chain and institutional signals are 1 Happened With Bitcoin Over The Last 24 Hours? In an X post, a crypto analyst, Luca, has offered insights on Bitcoin’s recent market 2 the past 24 hours, several notable developments in the BTC space have 3 BTC price action has been moving lower, funding rates have also declined, a combination that suggests long positions are being flushed out of the 4 Reading: Bitcoin Trades Sideways — Consolidation Above Support Could Fuel Next Upside However, Luca explains that the Open Interest (OI) has actually increased, pointing to something entirely different and signaling that bears are actively doubling down, not bulls getting 5 believes that the recent drop isn’t driven by longs getting flushed, but by aggressive short positioning, as traders are trying to front-run a potential breakdown.
Historically, this kind of setup often fuels the next major move up, as excessive short exposure creates the perfect conditions for a short squeeze. A full-time crypto trader and investor, Daan Crypto Trades, has also mentioned that the Bitcoin price action, funding rate, and open interest have barely changed this month. Meanwhile, BTC has remained flat in October, despite reaching its first new all-time highs, and then BTC pulled back up to 20% 6 further highlighted that the neutrality of the funding rate has largely traded at its levels from the past two to three months, particularly dropping back to the level last seen in July, which is the only major change in the 7 shows that leverage has been reduced, especially compared to when BTC was trading at similar prices in August and 8 Derivatives Market Hit The Reset Button The Bitcoin funding flip is officially in, and it might be the signal the market has been waiting for.
A popular crypto news source, CryptosRus, has revealed that a negative funding rate has just wiped the market 9 leverage was flushed out, shorts got paid, and open interest cooled 10 is exactly the kind of deep reset the market needed, and now the sign of recovery is back in the 11 Reading: Bitcoin Supply In Profit Rises To 83.6% – Market Momentum Building Again However, every time these funding rates flip from negative to positive after a deep reset, BTC starts building momentum 12 saw this same move in June and September, which is currently happening 13 further noted that since October 22, the funding has been steadily climbing back above zero, but the BTC price has been 14 a combination feels like the calm before the next big 15 image from Pixabay, chart from 16
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