Funding Negative for Two Weeks: Shorts Accumulate With No Fuel

Funding has been persistently negative for the second week in a row - short positions dominate the derivatives structure. Open interest has declined from $47. 6B to $20. 8B, signaling a major deleveraging event - the market has unloaded, but sentiment remains bearish. source: https://axeladlerjr.com/funding-negative-for-two-weeks-shorts-accumulate-with-no-fuel/