Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. Instead of a rise in funding rates when the price had begun to plummet, they had stayed muted and had even begun to decline, especially during the past week. However, this is changing as the price of the digital asset has begun to take a turn for the better.
Funding Rates Recover
Bitcoin funding rates declined to one of their lowest points last month and this had been when the price of the digital asset had been higher. At that point, long traders remained relaxed, opting to stay out of the market while the crash raged on. This has now changed given that long traders have begun to move into the market.
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Funding rates across Binance and Bybit crypto exchanges have been showing a good recovery trend over the l ..
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