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$PIPPIN The funding rate just dropped to -2% for the second time, which is a strong indication that the market is overly skewed toward longs. When funding stays negative like this, it often means traders are paying a premium to hold short positions, signaling potential exhaustion of bullish momentum.
If this pattern continues, we could soon see a solid short opportunity emerging as the market corrects the imbalance. Keeping an eye on open interest and liquidation data over the next few sessions could confirm the setup.