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💸 $BTC #perp funding was pinned negative for almost the entire month of April. Shorts paid longs to stay short, and got vaporized twice. Apr 18: $593M shorts liquidated above $77K. May 4: another $300M wiped above $80K. Open interest just rebuilt to 763.35K $BTC after the May 1 reset. Persistent negative funding into a rising tape is one of the cleanest setups we track. Funding x OI map →
#crypto