The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take crypto liquidations in the past 24 hours to $240 million.
The majority of the liquidations are short liquidations at roughly $190m.
While the three largest Bitcoin cohorts have started accumulating over the weekend, I would suggest retail would follow sharply as smart money moves first.
Perpetual Funding Rate: (Source: Glassnode)Liquidations: (Source: Coinglass)Accumulation Trend Score by cohort: (Source: Glassnode)