TechFlow reports, citing a latest Matrixport report indicating that despite Bitcoin's high volatility, its funding rate has approached zero, suggesting that long positions in the futures market were not heavy during the recent Bitcoin rebound. This provides traders with an opportunity to increase long positions, which could further push prices higher.
The report also notes that low funding rates indicate the recent price rise may have been driven by strategic spot buying rather than speculative futures trading. This is a positive sign, suggesting the market is not overly leveraged and still has room for further upside.
Add to Favorites
Share to Social Media
