BTC funding rate just doubled its 7-day average. perps at 2x normal while price sits at $80k
BTC funding on Hyperliquid right now is 0.0000125, which is 2x its 7-day average of 0.0000062. OI is sitting at 28,970 BTC (~$2.3B notional). That's not a huge funding number in absolute terms, but the deviation is the signal. longs are paying at twice their usual rate without a significant price move to justify it. Someone is building a position.
HIP-4 is showing BTC $79,779 by May 15 at 60% YES. No divergence with perp sentiment worth flagging there. When those two disagree is when it gets interesting, and that happens more than you'd think across different assets.
Tracking this with predmcp.com if you want to replicate it.