Bitcoin, one analyst notes on X, is looking healthy for the first time since the coin soared to over $70,000, printing all-time highs back in March 2024. The assessment is due to funding rates dropping to within ordinary levels, an indicator that volatility is also falling and moments of fear of missing out (FOMO) are fading.
Funding Rates At “Normal Levels” As FOMO Dissipates
In crypto perpetual trading, the funding rate is the fee exchanged between market participants. These fees are market-determined and are adjusted every eight hours or so.
Depending on market conditions, they can be positive or negative. However, they play a critical role in determining momentum. Of note, bulls pay a fee to bears When perpetual prices are higher than the spot price. This, in turn, discourages buying in the perpetual market and incentivizes buying into the spot, bringing prices closer.
Whenever prices rally, as has been the case since the start of the year when Bitcoin has g
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-healthy-btc-to-rally-above-74000/
