Bitcoin funding rate volatility shows market-wide caution

09/03/2024 15:06
Bitcoin funding rate volatility shows market-wide caution

The 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 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.

4 min read

Updated: Sep. 3, 2024 at 9:06 am UTC

Bitcoin funding rate volatility shows market-wide caution

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

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...

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