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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Coin63@ on April 19, 2021, 03:32:05 AM

Title: Peak fear? Bitcoin funding rates crash to lowest levels in 7 months
Post by: Coin63@ on April 19, 2021, 03:32:05 AM

The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market.

According to the data from Glassnode, the average Bitcoin futures funding rate across all exchange dropped to as low as around -0.03% on Sunday.source (https://cryptonews.net/552236/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)