Just noticed Bitcoin's funding rate hit a three-month low, which is actually a pretty interesting signal right now. When these rates drop this much, it usually means the market's gotten way less bullish on leverage longs, and that can set up some wild short squeezes if price starts moving up. We've been seeing some action today with BTC up around 1.73% - could be part of this dynamic playing out. The funding rate basically tells you how many traders are betting on price going up versus down, so when it swings like this, shorts start getting nervous. If we see another push higher, those underwater positions could force some quick covering, which would send price even higher. Worth keeping an eye on how this plays out over the next few hours. Anyway, this is probably why you're seeing some of the crypto rally today.

BTC0,97%
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