Bitcoin funding rate crash 70% in a day; Here’s what it means

The Bitcoin (BTC) derivatives market is witnessing a sharp reversal on Tuesday, December 9, with BTC funding rates dropping more than 71% in the last 24 hours, judging by CryptoQuant data on the same day. In other words, the number of leveraged long positions is going down as traders step back from excessive risk. If the Bitcoin funding rate continues to slide, it could signal a deeper shift toward more bearish territory. Such conditions often culminate in volatility spikes as well, as even mild price pullbacks can trigger swift liquidation waves source: https://finbold.com/bitcoin-funding-rate-crash-70-in-a-day-heres-what-it-means/