Matrixport: The Bitcoin funding rate continues to decline, the price may briefly fall before hitting a new high
Bitget2024/06/18 11:26
According to graphics and text published by Matrixport on platform X, the Bitcoin funding rate continues to decline, reflecting a weakening of optimistic sentiment in the market. Although there has been a correlation between funding rates and open interest in the past, current open interest remains at a high level, which could lead to a brief price drop followed by new historical highs.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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