Cycle context
Negative funding is strongest in bull-market pullbacks; very positive funding gets riskier late-cycle.
Shows which side is paying to stay positioned and how crowded consensus has become.
Separate useful fear from crowded long consensus.
1h and 4h for crowding; 1d to understand whether the regime is persistent.
Negative funding is strongest in bull-market pullbacks; very positive funding gets riskier late-cycle.
Price rising while funding turns negative can look bullish but may not be a real reset.