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TechFlow reported, according to the latest chart released by Matrixport, Bitcoin funding rates have continued to decline, reflecting weakening bullish sentiment in the market. Although funding rates and open interest have been correlated in the past, open interest currently remains at a high level. This situation could lead to a short-term price drop before eventually reaching a new all-time high.
According to the latest chart released by Matrixport, Bitcoin funding rates have been continuously declining, reflecting weakening optimistic sentiment in the market. Although funding rates and open interest have historically been correlated, open interest currently remains at high levels. This situation could lead to a temporary price drop before eventually reaching new all-time highs.
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