Yesterday BTC already pushed through with a yang line and took out all the short positions at 70500, 70800, 71200, 71500, and 71700. There are no more stop losses and shorts above to take out. Looking at the funding rate, we can tell it has already clearly turned positive. Now there are obviously more longs than shorts. Why are longs increasing? Because the yang line this morning took out most of the shorts, and shorts have been almost completely wiped out. As more people chase longs, the funding rate has already turned positive.

BTC3%
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