Episode Details
Back to EpisodesThe rally off $60K: bullish taker demand is back, Funding Rate remains positive
Episode 191
Published 3 months, 3 weeks ago
Description
The bounce off $60K is being driven by returning buyers, not a short squeeze. Taker Buy Sell Ratio closed above 1.0 in 8 of the last 10 days, while Funding Rate stayed positive for 10 straight days from June 6 to June 15. That means the rally is being supported by aggressive demand, but at the same time it shows that long leverage is starting to build up again.