An exchange: Bitcoin funding rates declining indicates real buying interest
Foresight News reported that an exchange tweeted that BTC has risen over 20% within a week, and the funding rate has already cooled down. Usually, price increases driven by leverage keep the funding rate high, but this time, after a brief spike during the breakout, the funding rate quickly returned to the baseline level. This is a signal of genuine buying rather than overcrowded long positions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An address holds about 20.8 million ZC, currently valued at approximately $316,000.
Rocket Mortgage Adopts VantageScore 4.0 as Preferred Credit Scoring Model for Certain Loan Products
UK 10-Year Bonds Auction Today: May Hammer at 5.41%, Auction Yield Could Hit Highest Level Since 1999
The yield on UK 10-year government bonds has reached 5.41%, the highest level in 19 years, and the £4.25 billion auction cost is the highest since 1999.
Crypto prices
More
