A look at funding rates across exchanges hints at excessive optimism, with traders going long on BTC en masse — a classic indicator of a correction.
Experts warn that these can sometimes be a sign of a scam and make it a very high risk investment.

FACEBOOK WHISTLEBLOWER GOES PUBLIC: “The former Facebook Inc. employee who gathered documents that formed the foundation of The Wall Street Journal’s Facebook Files series said she acted to help prompt change at the social-media giant, not to stir anger toward it,” the Journal’s Jeff Horwitz wrote in a profile of Frances Haugen, a former product manager hired to help protect against election interference on the platform. She “said she had grown frustrated by what she saw as the company’s lack of openness about its platforms’ potential for harm and unwillingness to address its flaws. She is scheduled to testify before Congress on Tuesday. She has also sought federal whistleblower protection with the Securities and Exchange Commission.”
SAN DIEGO (AP) — A Los Angeles man pleaded guilty Wednesday to participating in what prosecutors called a “textbook Ponzi scheme” that defrauded cryptocurrency investors worldwide of more than $2 billion.