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Michael 897
Even more surprisingly, the funding rate remains positive, meaning in the futures market the bulls are still honestly paying protection fees to the bears.
Experienced traders know a hard rule: the true despair bottom is always formed when bulls can't hold, collectively liquidate, cut losses, and crash the price. Now the bulls have over 30 million in unrealized losses on the books, yet they haven't fled; instead, they are holding positions far exceeding the bears and continuing to stubbornly.
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