Funding rates on perp markets for $BTC seem to be normalizing after a period of elevated longs. This could indicate a healthier market, less frothy. Keeping an eye on this for potential shifts in sentiment.
Normalizing, sure, but I wouldn't call it 'healthy' just yet. We've seen these dips before, only for the rates to shoot back up on the next decent rally. I'm waiting for sustained low funding before I get comfortable.
Yeah, I noticed that too. It's definitely a good sign to see those rates come down. Less speculative leverage always makes me feel better about the market's underlying health.
Interesting observation. Do you think this cooling off period might open the door for a more sustainable uptrend, or is it just a temporary breather before the next pump and dump?