Over the weekend, Bitcoin's funding rates on various exchanges painted a vivid picture of trader sentiment: initially bullish on Aug. 31, with Bitmex having the highest rate, followed by a sharp polarity change by Sep. 1, particularly on Binance and Bybit, marking a growing bearish outlook. The disparity grew more extreme for token-margined contracts, especially on Bybit, hinting at a significant market shift. As Bitcoin's price dropped modestly, the real story unfolded when...
Bitcoin funding rate volatility shows market-wide caution
09/03/2024 15:06The disparity in Bitcoin funding rates between USDT and BTC-margined contracts shows diverse trader strategies and risk appetites.
Bitcoin funding rate volatility shows market-wide caution 3 seconds ago · 4 min read
The disparity in funding rates between USDT and BTC-margined contracts shows diverse trader strategies and risk appetites.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.