@maggiekeppel
Crypto funding rates have plunged to -0.015%, the lowest since the 2022 bear market (Terra/LUNA crash & FTX collapse), per Glassnode data amid a Oct 11 flash crash liquidating $19B.
bitcoinethereumnews.com +1
This signals major deleveraging: shorts dominate, longs de-risk, volatility drops, and leveraged trading volume shrinks. Implications: Bearish short-term: Echoes 2022's 75% BTC drop; caution as market rebalances.
Potential bottom: Oversold conditions may spark rebound if sentiment shifts. BTC up 5% from $101k lows.
Watch for positive rates reversal.
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