Glassnode: Despite Bitcoin Trading Over $108,000, Funding Rate Performance Is Lackluster
2025-05-23 14:00:38
On-chain analysis platform Glassnode posted on the X platform that although Bitcoin is trading at more than $108,000 and most holders are profitable, the funding rate is only 0.0079%, which is still low and below the neutral level. In addition, the top ten cryptocurrencies by market capitalization have generally low funding rates, and only XRP and DOGE have funding rates slightly above the neutral level, indicating that investors' speculative willingness in the market is unexpectedly low.
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