#HISTORY: On this day 13 years ago, Adam Back introduced himself on the #BitcoinTalk form website. Adam was one of the few cryptographers cited in the original #Bitcoin #whitepaper for his concept of using mathematical proof-of-work to stop spam emails.
#BTC funding rates have hit their most negative levels since 2023, per Glassnode.
Historically, deeply negative funding rates have coincided with local bottoms, including March 2020, mid-2021 and the FTX collapse in 2022.
@ODELL@MartyBent