Analytics firm Glassnode has highlighted how the Bitcoin Funding Rates have increased across the various exchanges, but still not to a high degree.<\/p>\n
In a new post<\/a> on X, Glassnode has talked about the latest trend in the Bitcoin Funding Rates for the major perpetual futures markets. The \u201cFunding Rate<\/a>\u201d is an indicator that measures the amount of periodic fees that traders on the futures market are exchanging between each other on a given derivatives platform.<\/p>\n When the value of this metric is positive, it means the long holders are paying a premium to the shorts in order to hold onto their position. Such a trend implies a bullish mentality is dominant in the market.<\/p>\n On the other hand, the indicator being below the zero mark suggests the shorts outweigh the longs and a bearish sentiment is shared by the majority of traders on the exchange.<\/p>\n Now, here is the chart shared by Glassnode that shows the trend in the 7-day moving average (MA) of the Bitcoin Funding Rate for major exchanges over the last couple of years:<\/p>\n As displayed in the above graph, the Bitcoin Funding Rate has witnessed an increase across these platforms recently, indicating that investors have been setting up fresh bullish positions.<\/p>\n The mean Funding Rate for these exchanges dropped to the 0% mark back in November as the cryptocurrency\u2019s price went through a crash<\/a>. As the asset settled into its consolidation phase, investors gradually set up longs, culminating in the indicator recovering to 0.005%.<\/p>\n In the last 24 hours, however, the mean Funding Rate has retraced back to 0.003%, implying some investors have closed up their long positions after the latest recovery rally and\/or others have set up shorts to bet against the bullish price action.<\/p>\n In the past, major rallies have tended to occur alongside notable positive Funding Rates on the different exchanges. According to Glassnode, the threshold has generally lied at 0.001%. Since the mean Funding Rate is still below this level, the analytics firm has noted, \u201ccurrent conditions remain supportive but not yet decisive.\u201d<\/p>\n Bitcoin has seen the renewal of bullish momentum recently, with its price recovering as high as $94,700, but the past day has seen a setback for the digital asset as it\u2019s now back at $92,100.<\/p>\n Other cryptocurrencies have also been volatile to varying degrees in the past day, which has resulted in liquidations<\/a> of over $500 million on the derivatives exchanges, as data from CoinGlass<\/a> shows. Out of these $503 million in liquidations, about $146 million of the positions involved were Bitcoin-related ones.<\/p>","protected":false},"excerpt":{"rendered":" Analytics firm Glassnode has highlighted how the Bitcoin Funding Rates have increased across the various exchanges, but still not to a high degree. Bitcoin Perps Funding Rates Have Surged In a new post on X, Glassnode has talked about the latest trend in the Bitcoin Funding Rates for the major perpetual futures markets. The \u201cFunding […]<\/p>\n","protected":false},"author":0,"featured_media":125273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125272"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125272"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125273"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC Broke Above $94,000 Before Retracing Down<\/h2>\n