While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding rates for perpetual swaps on crypto exchanges are much closer to neutral levels than the market top in early March, CoinGlass data shows. Funding rate refers to the amount long traders pay shorts to take the opposite side of a trade. When funding rates are negative, shorts pay the fee to longs, as this relationship often occurs during bearish periods.
Related posts
-
Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect?
Este artículo también está disponible en español. Bitcoin has shattered records again, reaching a new all-time... -
Crypto Exchange Tokens: Tomorrow’s Blue Chip Investments
The Rise of Crypto Exchange Tokens as Blue Chips Institutional interest in cryptocurrencies is surging, driven... -
U.S. SEC Loses Crypto Lawsuit Over ‘Dealer’ Definition That Pushed Into Crypto
Gensler’s departure press release on Thursday referenced the agency’s clashes with crypto, noting, “Court after court...