Binance Futures, ByBit USDT
#NEAR/USDT Take-Profit target 3 ✅
Profit: 54.3634% 📈
Period: 1 Days 7 Hours 6 Minutes ⏰

Binance Futures, ByBit USDT
#COMP/USDT Take-Profit target 1 ✅
Profit: 92.8054% 📈
Period: 1 Days 1 Hours 34 Minutes ⏰

Binance Futures, ByBit USDT
#AXS/USDT Stoploss ⛔
Loss: 79.2142% 📉

Binance Futures, ByBit USDT
#CHR/USDT Take-Profit target 4 ✅
Profit: 62.9845% 📈
Period: 1 Days 8 Hours 10 Minutes ⏰

Binance Futures, ByBit USDT
#CRV/USDT Take-Profit target 1 ✅
Profit: 42.6894% 📈
Period: 1 Days 10 Hours 41 Minutes ⏰

Binance Futures, ByBit USDT
#DASH/USDT Take-Profit target 2 ✅
Profit: 114.6153% 📈
Period: 1 Days 1 Hours 49 Minutes ⏰

ByBit USDT
#DODO/USDT Take-Profit target 6 ✅
Profit: 82.377% 📈
Period: 1 Days 11 Hours 12 Minutes ⏰

Binance Futures, ByBit USDT
#CRV/USDT Take-Profit target 2 ✅
Profit: 46.9584% 📈
Period: 1 Days 11 Hours 53 Minutes ⏰

ByBit USDT
#DODO/USDT Take-Profit target 7 ✅
Profit: 91.982% 📈
Period: 1 Days 11 Hours 38 Minutes ⏰

Binance Futures, ByBit USDT
#ATOM/USDT Take-Profit target 1 ✅
Profit: 41.2081% 📈
Period: 1 Days 10 Hours 38 Minutes ⏰

Binance Futures, ByBit USDT
#DASH/USDT Take-Profit target 3 ✅
Profit: 138.2197% 📈
Period: 1 Days 7 Hours 1 Minutes ⏰

Binance Futures, ByBit USDT
#GALA/USDT Take-Profit target 1 ✅
Profit: 59.9334% 📈
Period: 2 Hours 46 Minutes ⏰

Binance Futures, ByBit USDT
#GALA/USDT Take-Profit target 2 ✅
Profit: 89.9001% 📈
Period: 5 Hours 45 Minutes ⏰

ByBit USDT
#LTC/USDT Take-Profit target 1 ✅
Profit: 59.9867% 📈
Period: 1 Days 19 Hours 54 Minutes ⏰

Binance Futures, ByBit USDT
#LTC/USDT Take-Profit target 1 ✅
Profit: 92.6251% 📈
Period: 1 Days 12 Hours 25 Minutes ⏰

Binance Futures, ByBit USDT
#DYDX/USDT Take-Profit target 1 ✅
Profit: 59.9156% 📈
Period: 10 Hours 29 Minutes ⏰

Binance Futures, ByBit USDT
#GALA/USDT Take-Profit target 3 ✅
Profit: 119.8668% 📈
Period: 10 Hours 40 Minutes ⏰

Binance Futures, ByBit USDT
#SUSHI/USDT Take-Profit target 1 ✅
Profit: 61.1205% 📈
Period: 6 Hours 11 Minutes ⏰

ByBit USDT
#TLM/USDT Take-Profit target 1 ✅
Profit: 90.812% 📈
Period: 1 Days 4 Hours 15 Minutes ⏰

Binance Futures, ByBit USDT
#MATIC/USDT Take-Profit target 1 ✅
Profit: 60.0071% 📈
Period: 1 Days 21 Hours 4 Minutes ⏰

The market is mostly bearish and is betting on further declines, according to funding rates.
The funding rate of perpetual futures normally signals the current market bias, at which point traders build short positions.

The last such negative hourly value was during December 2022, with the price of Bitcoin around 16 thousand US dollars.

If we notice, we also see all the periods where the majority of the market bet on a fall during this year. It was usually on local floors.

This happens due to the contrary nature of the common market bias, usually when traders build high leverage in the futures market by betting on a directional bias, any strong contrary change in price ends up generating a squeeze.

If we have more leverage building and bearish bets in this setup we could have a price recovery driven by cascading shorts liquidations.