For 46 consecutive days, the majority of leveraged Bitcoin traders have been betting on lower prices. For 46 consecutive days, they have been wrong. And for 46 consecutive days, they have been paying the longs to hold their positions. This is not a normal market condition. The 30-day average funding rate for Bitcoin perpetual futures … Continue reading Bitcoin’s Shorts Have Never Been This Crowded While Price Kept Going Up. That Has Only Happened Twice Before.