Market analysts have noted that Bitcoin's open interest (OI) weighted continuous-term funding rate has reached its highest level in recent months, indicating a potential bullish trend in the short to medium term. However, caution is advised as a positive funding rate does not necessarily guarantee long-term forecasts in the volatile crypto market. Unlike traditional markets, crypto lacks a direct connection to real economic processes, making funding rates more susceptible to rapid fluctuations. The surge in Bitcoin's funding rate comes amid increased market volatility and significant liquidations in both Bitcoin and Ethereum.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-10-14
Bitcoin’s Funding Rate Hits Highest Level in Months – What to Expect?