Analysis: Binance's current funding rate is significantly below the market median, indicating retail traders are aggressively buying.

BlockBeats News, June 18, according to CryptoQuant analyst Crazzyblockk, Binance's funding rate is currently 370 bps lower than the median of the three exchanges, at the bottom 2.8% level of all readings since 2021. As the dominant BTC perpetual contract trading venue, Binance's structured short position is significantly higher than the sum of OKX and Bybit, a situation that is not common, indicating its pricing is significantly bearish, with structured shorts far exceeding other CEX.

In addition, Crazzyblockk observed a recent rapid reversal in retail aggressive buying index (TBSAI), soaring from -1.85σ to +0.81σ, surging 2.66σ in 30 days, indicating that this group is aggressively buying the dip, while the selling pressure mainly comes from whales (IWCR shows continuous net outflows from large holders), forming a typical divergence between retail buying and whale distribution. Currently, the leverage level is neutral (LIR -0.40σ), with no crowding risk. This is a round of "distribution to strength": either shorts are squeezed higher, or whales are correct and the market falls back. The key observation signal is LIR breaking above +1.0σ (new leverage entry).