Crypto analytics firm Alphractal has reported that even with the recent drop in Bitcoin's price, the aggregate funding rate across major exchanges remains positive. This indicates that more traders are going long rather than short. While only BitMEX and OKX show negative funding rates, Bitfinex has the highest positive rate. Alphractal suggests that despite the decline, the overall funding rate is still above zero, implying that the market has not completely turned bearish. However, investors are advised to monitor funding rates as sudden changes could indicate shifting market sentiment.



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