👉Funding rates on most coins are neutral or negative.

This means traders are not heavily long.

Many retail traders are actually shorting the market.

Because of this, the downside is limited.

When too many people are short, price usually stops falling.

If price starts moving up, short positions will get liquidated.

This can cause fast and strong upward moves.

The bull market that started in January 2023 is still active.

The market is likely entering the next phase of this cycle.

Overall direction remains higher.