nilla Aprilia on Nostr: The negative funding rates have persisted for three consecutive days, a trend last ...
The negative funding rates have persisted for three consecutive days, a trend last observed in October 2023. This prolonged negativity suggests that traders are increasingly betting against Bitcoin, indicating a prevailing bearish sentiment among market participants. Specifically, on Binance, the largest cryptocurrency exchange by trading volume, funding rates have plummeted, further emphasizing the shift in trader sentiment
Published at
2024-08-20 22:21:21Event JSON
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"content": "The negative funding rates have persisted for three consecutive days, a trend last observed in October 2023. This prolonged negativity suggests that traders are increasingly betting against Bitcoin, indicating a prevailing bearish sentiment among market participants. Specifically, on Binance, the largest cryptocurrency exchange by trading volume, funding rates have plummeted, further emphasizing the shift in trader sentiment",
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