Analyst: The current market has significantly deleveraged, reducing the likelihood of a sharp downturn, but at the same time limiting the upside short-squeeze potential
On March 5, independent crypto analyst Axel said in a post that Bitcoin’s perpetual contract funding rate has stayed in negative territory through the first half of March 2026—suggesting short positions are dominating the perpetual futures market.
Since late January, the funding rate has repeatedly fallen into negative territory, and over the past two weeks, it’s lingered there with little to no bounce back. The most extreme readings hit on February 25 and 28—both days when Bitcoin was testing local lows around $64k to $65k. As of March 4, the rate is still slightly negative, but the two-week cumulative negative funding rate signals a continued bias toward short positions.
A negative funding rate means short holders pay fees to long holders to keep their contracts open—indicating a bearish bias. Historically, this setup either hints at a potential short squeeze if upward momentum picks up, or confirms a bearish trend if the downturn continues. The main trigger for a sentiment shi
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Cryptocurrency Influencer CBB Contrarianly Increased Short Position in Crude Oil to $5.5 Million, Now the Largest Short on-chain CL
March 5 – Per Coinbob Popular Address Monitor, CL (WTI Crude Oil Synthetic Asset) prices on Hyperliquid rose 5.4% today, hitting an intraday high of $78 and last trading at $76.4.
Against this backdrop, the address has been steadily adding short positions, holding a current size of $5.5 million at an average entry price of $77.52 with an unrealized profit of roughly $80,000. As of press time, it’s still actively expanding its short positions and now holds the largest short position on Hyperliquid.
Reportedly, the address began shorting CL yesterday afternoon when prices were around $74, then continued adding long positions in GOLD (Gold Synthetic Asset) and SILVER (Silver Synthetic Asset) today. Its combined gold and silver position now totals $8 million. The trades appear to bet on a short-term pullback in crude oil’s premium while being bullish on sustained safe-haven demand for gold and silver.
Crypto influencer CBB (X: @Cbb0fe) is a veteran trader and on-chain analyst with
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A whale address deposited 3000 ETH into Binance 11 hours ago, profiting $990,000 from a swing trade
On March 5, LookOnChain monitoring data shows a trader with the address starting with 0xC45A withdrew 3,000 ETH from Binance on February 24 at $1853 per ETH (valued at $5.56 million at the time).
11 hours ago, the same trader deposited the 3,000 ETH back into Binance when ETH traded at $2183, netting approximately $990,000 in profit.
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Google Alert: New iPhone Exploit Kit Being Used for Cryptocurrency Theft
March 5th (Cointelegraph) — Google’s Threat Analysis Group has uncovered a new iOS exploit kit named “Coruna,” which is targeting iPhone users in cryptocurrency theft campaigns.
The kit targets devices running iOS 13.0 through 17.2.1, including 23 exploit programs and five complete attack chains—some leveraging previously unknown (zero-day) vulnerabilities. Attacks are deployed via spoofed crypto-related websites, such as phishing pages masquerading as the WEEX exchange.
When users with vulnerable iPhones visit these malicious sites, the attack code runs automatically. It scans devices for sensitive data (mnemonic phrases, backup phrases, bank account details) and attempts to siphon assets from crypto apps like Uniswap and MetaMask.
Google researchers strongly advise iPhone users to update their devices to the latest iOS version immediately. If an update isn’t possible, enable Apple’s Lockdown Mode to boost protection.
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A whale address sold 650 ETH 14 hours ago to swap to ASTER.
On March 5, per LookOnChain data, a whale address starting with 0x8f01 sold 650 ETH (≈$1.4M) 14 hours ago, then purchased 1.88M ASTER (≈$1.4M). The address currently holds 4.45M ASTER, valued at ~$3.18M.
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