Crypto Funding Rates Reset After Bitcoin's Sharp Pullback From $69K
Submitted by Anonymous (not verified) on Wed, 03/06/2024 - 08:40The market-wide resetting of funding rates means potential for a more long lasting move to record highs in bitcoin.
The market-wide resetting of funding rates means potential for a more long lasting move to record highs in bitcoin.
The market-wide resetting of funding rates means potential for a more long lasting move to record highs in bitcoin.
Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday.
Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday.
Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls.
Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls.
Bitcoin funding rates have been on a bearish trend in recent months.
Copyright © 2024, www.bitcoin-trader.org | Contact