Binance Funding Rate Has Turned Negative! 📉💰

This chart was originally used to compare Binance Funding Rate and Bitfinex Reserves during the last bull market. While it hasn’t been very reliable lately, Binance’s once again negative funding rate prompted me to take another look. Since 2023, this is the third time in a long time that the funding rate has fallen into negative territory. As I continue to monitor the market, this could be an indication of possible larger market moves in the future. So guys, what do you think? Do you think this is a good or bad sign? I say we need to be vigilant and prepared for any eventuality in the market. Maybe it’s time to rethink our strategies, right? 😉