Data on Bitcoin (BTC) futures contracts shows that cryptocurrency investors think the price will rise further.
According to an analysis shared on CryptoQuant, the funding rate in Bitcoin futures contracts is to 0.04 level output.
The higher this rate goes in the positive zone, the more cost of keeping purchase contracts open the more it increases. According to the analyst, the current chart is currently on the market greater demand for the price to rise shows that it is.
It is thought that funding rates may experience volatility in the short term. However, funding rates do not reflect the general situation of the market. sufficiently comprehensive It doesn’t give any information. In past bull markets, this ratio It goes up to 0.15 had been observed.
Analyst, “It is necessary to analyze spot (market) demand levels because if that continues, the (funding) rate will cause a drop in price. much higher before correction It may come out.” said.
