market so boring I'm pivoting to reposting bonnie blue articles.

fomc on wed.
his is going to be one of the biggest nothing-burger FOMC's in the next few months because you have a lame duck chairman (powell) and trump has already (as good as) announced his successor, who is a big dove

$btc is now consolidating in a low volume node, which is typically an area where you get some sort of reaction from the market.
went long here at 89.2k for a bounce to 92-92.5 or so and lets see what price does there.
doesn't take much on illiquid weekends to move it up and feels like there are too many people shorting this for lower.

sooo $btc spot selling (pink circle) while perps are longing (orange circle) at resistance?
what could go wrong?

what happens when everyone tries to rush for the same (small) exit at the same time?

what has dropped 90%, can drop by another 90%, and another 90%

the dump has literally not even begun yet and everyone is already crying

Sidelined (from shorts)?

Lots of know nothing larpers saying that perps funding rates going negative / dropping means many many many shorts are opening.
No it doesn’t automatically mean that even though it “could” be that. But in this case it isn’t.
Go study what funding rates actually mean and don’t be misled by larps.
Hint: just ask grok or even ChatGPT to explain to you

What a lot of people get wrong is just because perps funding is going down doesn’t mean shorts are building.
Perps funding is basically the difference between spot activity and perps activity.
So if spot is buying more than perps (ie perps still net long), then perps funding can still be doing DOWN, leading you to falsely believe that shorts are building.
Make sure you look and study carefully before concluding that open interest up, funding down = shorts building up