On-chain data shows Bitcoin funding rates have sunk into deep negative values, something that could pave way for a short squeeze in the market.
Bitcoin All Exchanges Funding Rate Has A Red Value Right Now
As pointed out by an analyst in a CryptoQuant post, BTC may see a slight uplift in the short term because of the current funding rates.
The “funding rate” is an indicator that measures the periodic fee that Bitcoin futures long and short traders exchange…
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