Bitcoin funding rates stay negative as BTC price spikes to $43.5K
The upcoming U.S. inflation report provides some familiar volatility as BTC price action hits six-day highs. Bitcoin (BTC) surged almost $1,000 in minutes on Jan. 12 as encouraging signs emerged from exchanges.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $43,468 Wednesday, its highest since Jan. 6.The pair had been due to continue volatile moves, traders said, with more and more favoring a push higher rather than a renewed downside.This would likely come in the form of a “short squeeze” against....
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Bitcoin funding rates have taken a nosedive after massive sell-offs at the beginning of the week. Bitcoin had made a remarkable recovery coming out of a slow weekend but these sell-offs would quickly wipe off all of the gains made, and with it, the funding rates came crashing down. It led to one of the most brutal crashes in funding rates in recent history. This has seen it touch one of its lowest points since February. Factors Behind Decline The bitcoin funding rates had plummeted due to the sell-offs that were recorded on Monday night. Most notably had been the plunge in crypto exchange....
On-chain data shows the Bitcoin funding rates have mostly remained negative for more than a week now. If past trend is anything to go by, this may mean that a bottom could be near. Bitcoin Funding Rates Have Now Remained Mostly Negative For More Than Seven Days As pointed out by an analyst in a CryptoQuant post, the Bitcoin funding rates have been negative in the past week for the most part. The “funding rates” is an indicator that measures the periodic fee Bitcoin futures traders have to pay each other in order to hold onto their positions. When the value of this indicator is....
Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. Instead of a rise in funding rates when the price had begun to plummet, they had stayed muted and had even begun to decline, especially during the past week. However, this is changing as the price of the digital asset has begun to take a turn for the better. Funding Rates Recover Bitcoin funding rates declined to one of their lowest points last month and this had been when the price of the digital asset had been higher. At that point, long traders remained relaxed,....
Bitcoin has begun to consolidate above $13,000. Despite this bullish trend, most Bitcoin funding rates on leading futures exchanges currently are negative. The current Bitcoin futures funding rates are bearish on Binance, BitMEX, and OKEx. Bitcoin Funding Rates Still Negative Bitcoin has begun to consolidate above $13,000. $13,000 has long been an important level for Bitcoin, making this consolidation important for the bull case. The cryptocurrency currently trades for $13,500, above the aforementioned support level. […]
On-chain data shows the Ethereum funding rates have now declined to the lowest value in 14 months, something that could pave way for a short squeeze in the market. Ethereum Funding Rates Reach Highly Negative Value As pointed out by an analyst in a CryptoQuant post, the ETH funding rates are currently at their least value since July 2021. The “funding rate” is an indicator that measures the periodic fee that traders in the Ethereum futures market are exchanging between each other right now. When the value of the metric is negative, it means short traders are paying a premium to....