Is Bitcoin Ripe For A Reversal?

Will Clemente believes Bitcoin is showing a bullish signal and we are due for a reversal:

Several metrics indicate Bitcoin is ripe for a reversal, according to on-chain crypto analyst Will Clemente.

Clemente tells his 126,400 Twitter followers that Bitcoin Perpetual Futures funding has been negative recently, which he says is a bullish signal.

“Funding has now been negative for 11 days straight. Translation: Shorts are paying longs to keep their positions open. As a rule of thumb, for anyone not familiar with how funding works:

Prolonged high funding = Bearish

Prolonged negative funding = Bullish”

Master Asked on July 1, 2021 in Bitcoin.
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