Oct 28, 2020
Bitcoin Futures Funding Rate is Going Negative Even as Price Skyrockets
Bitcoin Futures Funding Rate is Going Negative Even as Price Skyrockets
The funding rate of the Bitcoin (BTC) futures market is turning negative as the price of BTC surges. The trend indicates that short contracts are getting squeezed as the dominant cryptocurrency rises.
The term short squeeze refers to a scenario where traders are increasingly betting against Bitcoinbut BTC goes up. As BTC increases, short holders then adjust their positions, buying up their…
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