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WhaleSignals
π¨ BREAKING: Ethereum funding rates have plunged to their most negative levels since June, signaling an aggressive build-up of short positions across the market.
Interestingly, the last time funding reached similar extremes, $ETH formed a significant bottom. Could history be setting up another surprise?
Heavy short positioning can create fuel for a sharp short squeeze if buyers step in. However, confirmation through price action is essential. π
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