[Analysis: Bitcoin Long Liquidations Account for 96.7% with Funding Rates Remaining Positive, Market Has Yet to Fully Deleverage] Odaily Planet Daily News – The Bitcoin futures liquidation dominance oscillation indicator shows that long liquidations accounted for 97% yesterday, with the 30-day moving average rising to 31.4%. This figure indicates that nearly all forced liquidations in the market came from long positions, with buyers facing systemic pressure over the past month. Despite price declines and cascading liquidations, the funding rate for Bitcoin perpetual contracts remains positive, with an annualized rate of 43.2% yesterday. Although this figure is below the peak of over 100% seen during October to November, it still suggests that demand for long positions continues to dominate the market. In the context of large-scale liquidations, the maintenance of positive funding rates increases the risk of further deleveraging, indicating that long positions in the market are recovering quickly or have not been fully closed. Currently, funding rates have not shifted into neutral or negative territory, reflecting that the derivatives market has yet to undergo complete liquidation. (axeladlerjr)