Data shows the Bitcoin Funding Rates have turned negative across exchanges recently, indicating bearish bets are currently dominating.
Aggregated Bitcoin Funding Rates Have Plunged
As pointed out by analytics firm Santiment in a new post on X, the aggregated Bitcoin Funding Rates are currently showcasing a significant short bias. The “Funding Rate” here refers to an indicator that keeps track of the amount of periodic fees that derivatives market traders are exchanging between each other on a given centralized exchange.
When the value of this metric is positive, it means the long contract holders are paying a premium to the short contract holders in order to hold onto their position. Such a trend can be a sign that a bullish sentiment is dominant on the platform. On the other hand, the indicator being under the zero mark implies a bearish mentality may be held by the majority of traders, as shorts are outpacing the longs on the exchange.
Now, here is the chart shared b
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-short-bets-surge-bears-squeezed/
