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😉BTC. Financing rates are going down
BTC financing rates have been moving deeper into negative territory in recent days. At the same time, the price continues to rise and is holding around $70,000.
This means that the market is actively opening short positions against the movement. Shorts are paying to hold positions, waiting for a reversal. But the price is not falling. Demand is absorbing the seller's pressure. When such a structure drags on, liquidations start pushing the market upwards.