Home > Quick > Body

Matrixport: Continued decline in bitcoin funding rates suggests traders have squaring long positions

clock
2024-04-18 08:23:56
On April 18, Matrixport said in its latest report that Bitcoin's funding rate continued to decline ahead of the upcoming halving event. The decrease in funding rates indicates that traders have been positioned squaring long positions, and the market is now in a relatively light position through the derivatives market.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.