Bitcoin Funding Rates Remain Unmoved Despite Market Trend

Bitcoin funding rates had taken a plunge at the beginning of May. While this had not been a pronounced bear trend at that point, the price of BTC was already showing some signs of weakness. That weakness has now seen the digital asset plunge below $30,000 for the first time in 2022 and back up. However, funding rates that had returned to neutral had remained unmoved by this volatility in the market. Bitcoin Funding Rates Are Unshaken Bitcoin had seen some massive sell-offs around the $35,000 level. This was mainly triggered by investors panicking that they may lose more of their holdings....

Bitcoin has been struggling to hold on to the $30,000 level for the better part of this week, failing more often than not. While there have been various reactions from different parts of the market such as the ETFs, perpetual traders seem to have taken this as a sign to hold off on their activities. What this has led to is a continuation of the neutral or below-neutral funding rates that have been recorded in the past couple of weeks. Bitcoin Funding Rates Unmoved For the past few months, bitcoin funding rates have been tethering around the neutral and below neutral levels. This has been....

Bitcoin’s recent rally is still lingering in the market. This new break above $44k has done a lot to boost morale in the market. The number of long-term holders is on the rise and more money is coming into the market. However, one subset of bitcoin investors seems to remain unmoved with the recent rally. […]

Bitcoin funding rates have remained low even when the price of the digital asset has rebounded. The trend for the previous week showed that investors remained extremely wary of the market, and there has not been a change for the new week either. This coincides with the general market sentiment falling back deep into the fear territory. This report takes a look at where the bitcoin funding rates are currently and what it says about the market. Funding Rates Remain Below Neutral Back at the beginning of August, the bitcoin funding rates had finally recovered to neutral, speaking some hope in....

Bitcoin has been recording another recovery in recent days. This comes after the dip that saw the digital asset lose its footing above $40,000 once more but this would prove to be only short-lived as the cryptocurrency has now been able to reclaim its position. Despite this, perp traders seem to remain unfazed by the […]