🔥Santiment: Bitcoin's weekend closing profits and losses trading ratio reached 2.95:1, indicating a short-term price top signal.


Cryptocurrency market research firm Santiment stated on social media that, based on on-chain data, the ratio of profitable to losing trades at Bitcoin's weekend close is 2.95 to 1. This is historically a short-term price top signal. Additionally, according to Coinglass data, as Bitcoin surged past $69k today, the current mainstream CEX and DEX funding rates show that the market's bearish sentiment has weakened. Funding rates are fees set by cryptocurrency trading platforms to keep contract prices aligned with the underlying asset prices, applicable to perpetual contracts, facilitating funding exchanges between long and short traders. When the funding rate exceeds 0.01%, it indicates a generally bullish market; when below...
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