The bitcoin (Btc) The Perpetual Futures Funding Rate changes between positive and negative, reflecting market uncertainty. Like Bitcoin’s refusal and denying around $ 80,000, entrepreneurs are looking in the direction, especially after Bitcoin disappears 200-day moving average.
The rate of funding, set by the exchanges for eternal futures contracts, determines the time -term payment between long and short positions. A positive rate means long position pays shorts, while a negative rate means shorts pay longs.
Over the past two weeks, the funding rate has been oscillated between positive and negative, indicating unconsciousness. In bull markets, the rate usually remains positive. Recently, the day -to -day rate of funding hit a negative -0.006%, equivalent to an annual -2%rate, according to glassnode data.
Historically, Bitcoin undergoes coincide with sustainable negative funding rates, which usually coincide with the bearish sentiment. Examples include Covid-19 crashes, FTX collapse, and the 2021 China mining ban. However, for the past two weeks, each bitcoin rally has motivated entrepreneurs to move positions, resulting in a long prevention when the price returns, preventing a prolonged period of negative funding rates.
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