Yesterday bitcoinThe fall of .
#BitcoinFutures funding rate reset as ‘s rise to $41100. https://t.co/HegMo0eZ5b
— Bitcoin System (@bitcoinsystem) April 18, 2022
The inverse correlation of this data with price showed itself again, and as the bears got aggressive, the market maker pushed the price up to $41,000 to upset short investors.
Bitcoin’s rise above $40,000 again caused activity in altcoins.
These Categories Are In The Foreground
When we look at it categorically, it is among the highest risers in the last 24 hours according to Coinecko data. GameFi, Play to Earn and metaverse focused projects.
While the last 24-hour earnings in these categories are around 10% on average, the earnings of the largest metaverse projects by market value in the last 24 hours are as follows;
Axie Infinity (AXS) 6%
The Sandbox (SAND) 10%
Decentraland (MEANING) 6%
Enjin Coin (ENJ) 6%
Radio Caca (RAJAH) 5%
The Latest Situation in Futures Funding Rate in Bitcoin is as follows;
1-hour period data time: 16:15
*Not Investment Advice.