Glassnode on #BTC: Despite the recent volatility, the perpetual market remains moderate.

The hourly funding paid for long positions (168h SMA) has fallen to a new low of US$ 72 per hour, an impressive drop of approximately 87% from the peak of US$ 565 per hour recorded in mid-July.

This retreat indicates a less leveraged market with reduced forced buying pressure — an environment that, historically, tends to precede more structured price movements.

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