Bitcoin Funding Rate Flips Again And History Says A Rally Is Around The Corner
Bitcoin’s price has declined slightly following recent gains, falling 2.3% over the past 24 hours to trade at approximately $107,205. This latest movement places the asset 4.1% below its all-time high of over $111,000 recorded last month. Despite the short-term dip, some analysts see familiar signs in derivatives data that could point to the next phase of market movement. Related Reading: Why Bitcoin’s Calm Rally Could Be a Setup for a Massive Breakout, Analyst Reveals Funding Rate Rebounds Signal Potential Upside for Bitcoin According to recent insights shared by on-chain analyst....
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Data shows the Bitcoin Funding Rate has remained negative during the latest price rally, a sign that short behavior is dominant. Bitcoin Funding Rates Are Red At The Moment In a new post on X, on-chain analyst Checkmate has talked about the trend in the Funding Rate of Bitcoin. The “Funding Rate” refers to an […]
The Binance Futures funding rate overtook Deribit on Dec. 18, which has historically led to Bitcoin to consolidate or pull back. The Bitcoin (BTC) futures funding rate on Binance Futures overtook Deribit on Dec.18, according to data from CryptoQuant. Historically, when this happened, the dominant cryptocurrency saw a local top or consolidation.The funding rate of major cryptocurrencies, including Bitcoin and Ether (ETH), rose considerably in the past 48 hours. This typically indicates that the futures market is overheating, which raises the probability of a pullback.Binance Funding vs.....
The price of Bitcoin surpassed its all-time high and surged above $24,600 as traders analyze what will come next. The price of Bitcoin surpassed its all-time high on Christmas, reaching $24,681 on Binance. Following BTC’s strong rally, traders and analysts are exploring short-term bear and bull cases. The market sentiment around Bitcoin remains overwhelmingly positive, but there are some concerns put forth by analysts in the foreseeable future and as a result, the next move is not a clear-cut one.The funding rate of Bitcoin futuresBitcoin (BTC) has rallied above $24,600 with a relatively....
Bitcoin price is more than 20% away from its all-time high, but the current negative funding rate on BTC futures might give bulls a unique advantage. As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered negative terrain. This uncommon situation causes the shorts, investors betting on price downside, to pay fees every eight hours.While the rate itself is mildly damaging, this situation creates incentives for arbitrage desks and market makers to buy perpetual contracts (inverse swaps) while simultaneously selling the future monthly contracts. The....
Bitcoin’s price has reached a new ATH after a long period of consolidation. At the time of writing, BTC is trading at $63.235 with 5.1% profits in the past day and 7.7% in the 7-day chart. Before the rally, data from Santiment pointed to high levels of bearish sentiment across social media platforms. During the […]