Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Malam90 on January 06, 2021, 02:25:33 PM
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Bitcoin is rallying as buyers in the U.S. continue to drive the price up but signs of overheating are emerging in Asia. Bitcoin (BTC) is continuing to rise to new heights above $35,000 on Jan. 6 as U.S. buyers on Coinbase further drive up the price. But the BTC futures market’s funding rate is also surging alongside futures open interest.
The combination of a high funding rate, whales in Asia selling, and a record-high futures market open interest raises the chances of a short-term correction. News link (https://cointelegraph.com/news/overheated-rally-3-warning-signs-emerge-for-bitcoin-as-funding-rate-soars)