#美联储回购协议计划 The funding rate suddenly turned against us, and a comprehensive bearish signal has been released!

The recent market is quite interesting. Bitcoin just tried to break through 90,000 but was knocked down, returning to around 87,000, resulting in a sudden collective turn negative in the funding rate across major exchanges. The atmosphere in the futures market changed instantly—from a bull frenzy to a bear dominance.

What is the funding rate? Simply put, it is a barometer of the emotions of both long and short positions in perpetual contracts. When the rate is positive, it indicates that the longs are particularly arrogant, and everyone is leveraging to go long; once it turns negative, it means that the bearish sentiment outweighs the bullish, and the market begins to collectively sing the blues.

Is this全面看空的局面 really worth worrying about?

History has given us some interesting references. Back in early 2023, the funding rate was negative for a long time, and the market was filled with despair. But what happened next? Bitcoin stubbornly rose from over $20,000 to $30,000. The more extreme the sentiment, the easier it is to reverse - that's the temperament of the market.

What should retail investors do now?

First of all, don't be intimidated by the bearish atmosphere and blindly short the market; be careful of being caught in a double whammy by the main forces, or it will be disastrous.

Secondly, if you hold spot assets, just hold on to them honestly and don't get angry about short-term fluctuations. Corrections in a bull market are usually just the main players washing out the positions, so there's no need to overreact.

If you want to enter at a low position, you can enter in batches, but never go all in at once; risk management is always the top priority.

The market always hides opportunities in extreme panic. When others are anxious, we must remain clear-headed.