NOBODY WANTS THIS TRADE 👀

Bitcoin funding rates have been negative for 3 straight days -- shorts are paying longs.

That’s what you see after leverage gets flushed, not when the crowd is euphoric.

Momentum is still soft and the CME gap near $84K hasn’t filled yet -- but positioning is cleaner, sentiment is defensive, and longs aren’t crowded anymore.

When nobody wants the trade, risk/reward usually improves. Now it’s about waiting for confirmation. ⌛️ 🚀

📸 CoinNiel