Bitcoin funding rates are still trying to pull traders to the long side. That's the part that stands out to me. Most exchanges are sitting close to neutral, which makes it cheap to go long. The problem is that I still don't think that's the logical trade here. A lot of people are looking at this support and expecting a bounce. But support holding isn't a bounce. Bitcoin has now spent roughly 16 hours sitting around the same levels without any meaningful spot buying pressure showing up. If buyers were stepping in aggressively, I'd expect to see it by now. Today's another interesting one because US markets are closed. When liquidity drops, volatility can increase fast. For now, I still think t

Bitcoin funding rates are still trying to pull traders to the long side.

That's the part that stands out to me.

Most exchanges are sitting close to neutral, which makes it cheap to go long.

The problem is that I still don't think that's the logical trade here.

A lot of people are looking at this support and expecting a bounce.

But support holding isn't a bounce.

Bitcoin has now spent roughly 16 hours sitting around the same levels without any meaningful spot buying pressure showing up.

If buyers were stepping in aggressively, I'd expect to see it by now.

Today's another interesting one because US markets are closed.

When liquidity drops, volatility can increase fast.

For now, I still think the downside is the higher-probability trade.

— That Martini Guy ₿ (@MartiniGuyYT) Jun 19, 2026