On August 22nd, according to Trader T monitoring, in the past 10 days, the unpositioned squaring of BTC futures contracts increased by 12%:
-CME: 9.3% increase
- Binance: 12.5% increase
Constant negative funding rate:
- Binance was -0.035% in the past 7 days
It also said that many short positions have begun to accumulate. As trading volume shrinks, a short squeeze (price surge) may be imminent.
12% increase in unfilled positions squaring in BTC futures contracts over the past 10 days
2024-08-22 01:41:32
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