According to glassnode, the 7-day moving average (7DMA) of long-side funding premiums in Bitcoin perpetual swaps has dropped to $88,000 per hour and continues to trend lower, signaling a notable decrease in traders' appetite for long BTC exposure. This trend confirms that short bias currently dominates perpetual swap positioning, which is an important signal for traders assessing near-term BTC price momentum and market sentiment (source: glassnode, April 25, 2025).