Here's Your On-Chain Checklist for Cryptocurrency Market Reversal

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Bitcoin reversal rally is impossible without these indicators switching to bullish mode

Generally, rising open interest suggests that risk demand is returning to the market and traders are ready to back up their positions with leverage, creating more momentum for the trending asset.The negative funding rate is a condition in which short positions are paid for longs.

It can show that shorts need additional leverage, which is the mechanism of balancing the derivatives' price with the spot asset. At some point, longs will also demand more leverage, which causes the funding rate to turn positive, and they will be the ones paying fees to sellers.Here's our checklist:

 

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You see this tweet is appealing to you licking your chops for a bull run. Just stop it. There is going to be a long while of games and tricks before that run begins. And when these guys identify that it has begun, it’ll be 2/3rds over.

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