) is currently priced significantly lower than it was in late 2021. Still, the mood in the market is as positive as it was back then., a mechanism that keeps the prices of bitcoin perpetual futures contracts in sync with the spot market price. When perpetual futures are trading above spot, the funding rate is positive and holders of bullish long, or buy, positions pay bearish shorts to keep their trade open. The opposite happens when perpetuals trade below the spot price.
As of Thursday, the annualized bitcoin perpetual funding rates across major exchanges including Binance was 8.491%, the highest since Dec. 3, 2021, according to data tracked by blockchain analytics firm Glassnode. The funding rate flipped positive in mid-December last year, indicating seller exhaustion. The cryptocurrency picked up a strong bid at the turn of the year and has rallied over 40% since then.
godbole17 This is great news for both leverage traders and the cryptocurrency market as a whole! The surge in perpetual funding rates suggests that Bitcoin's price will continue to increase, resulting in higher
godbole17 Trading is too risky as for me, i prefer to just hodl a decent amount of crypto in my ownr wallet
godbole17 Nice to have Bitcoin jump to the highway, a bullish sign while it’s dull early
godbole17 Dump incomming
godbole17 👀
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000 – Market Updates Bitcoin NewsBitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision. BTC is super strong right now. We might see some short squeezes on stocks like $MARA or $RIOT if it continues to have momentum. Gonna keep adding this pure value to my Ownr wallet ERTHA, ultra realistic game with amazing graphics. Imagine when it's 100% functional!!!
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin NewsEthereum was marginally higher on Feb. 1, as markets prepared for the upcoming Federal Open Market Committee (FOMC) meeting results. Totally agree, but I only use ChiefraFba for signals and analysis Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months 👀
Source: BTCTN - 🏆 531. / 51 Read more »
Cipher Mining doubles hash rate capacity in JanuaryBitcoin miner Cipher more than doubled its hash rate capacity and bitcoin mined in January.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Marathon Digital Sells Mined Bitcoin for First Time to Monetize Recent RallyBitcoin miner MarathonDH sells some of its mined bitcoin for the first time to pay for its operating costs. By Aoyon_A MarathonDH Aoyon_A Thanks a lot Mrs Candice. My trading journey has been a rollercoaster and this is certainly high point of my life. Made my whole yearly wage in 3 months of being in your group trading. I recommend y'all to follow Candicestewartt for trading tips & guide to invest and earn more.
Source: CoinDesk - 🏆 291. / 63 Read more »
Robert Kiyosaki Discusses Why Gold, Silver, Bitcoin Are Rising Higher – Markets and Prices Bitcoin NewsRich Dad Poor Dad author Robert Kiyosaki, has shared his view on why the prices of gold, silver, and bitcoin are rising higher. Nice, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! This is exactly why I only trust ChiefraFba for signals and analysis Totally agree, but I only use ChiefraFba for signals and analysis
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Stable Amid $23K Ahead of First FOMC Meeting of 2023: Market WatchPrevious interest rate hikes led to immediate price volatility for the crypto market, so today could be another such example.
Source: Crypto_Potato - 🏆 568. / 51 Read more »