Falling in line with stocks, Bitcoin now faced the prospect of resistance cementing itself at the $40,000 mark, with traders showing their lack of confidence in a short-term rebound.
confirmed that funding rates across derivatives exchanges were firmly negative into the weekend, suggesting that the majority of market participants expected shorting to be a profitable next trade.For analyst Filbfilb, co-founder of trading suite Decentrader, the ratio of long to short positions was a furthe cause for concern.
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Lol funding rates are barely negative...
This fear will be over soon.
Our analytical team has done a detailed analysis regarding BTC, and its Fear and Greed Index is 45 - NEUTRAL at the moment with price of 39679.325760563458 usd, so what do you think about the current Bitcoin state?
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