Why Bitcoin ATH is once again looking dangerous for longs
Following my previous video regarding funding rates and perpetual swaps vs spot we are back at it again.
Bitcoin is once again suggesting that swaps are way too aggressively long at the top pushing funding rates into high premiums rates in some exchanges.
I do not think that shorting bitcoin against weekly and monthly uptrends trends is good idea but there is defiantly great trades that can be now done on the intraday WHILE funding rates and perp/spot basis keep trading at significant premiums.
Bitcoin is once again suggesting that swaps are way too aggressively long at the top pushing funding rates into high premiums rates in some exchanges.
I do not think that shorting bitcoin against weekly and monthly uptrends trends is good idea but there is defiantly great trades that can be now done on the intraday WHILE funding rates and perp/spot basis keep trading at significant premiums.
D7R
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.