NEWSLETTER
bitcoin's price Gradually it retains its upward trend as the active badge looks at the fundamental brand of $ 100,000 after a slight rebound on Monday. During the performance of diminishing prices in recent days, recent data show that btc financing rates have persistently maintained a bullish feeling.
btc financing rates challenge market sauce
bitcoin has faced a bearish pressure in recent days, which causes its price to test the range of $ 94,000. Despite the remarkable price drop, financing rates in several cryptography exchanges remain positive.
Alfratcal, an advanced investment and data analysis company <a target="_blank" href="https://x.com/Alphractal/status/1888592734539133325″ target=”_blank” rel=”noopener nofollow”>reported The development in an x publication. The platform data shows that bitcoin aggregate financing rates have sustained an upward trend between 11 cryptography exchanges, indicating that operators maintain an optimistic feeling.
In a nutshell, more operators are placing a leverage for the short -term leverage bets than short -term bets, since they anticipate a price recovery. This implies that long -term investors They are covering the financing rates, which are evaluated every 8 hours, while they are paid to short -term investors.
An increase in long -term positions shows the solid confidence of investors in the long -term potential of btc. If this positive trend continues, development could stimulate Renewed impulse in the next few daysallowing the asset to recover the key levels of resistance.
According to Alfractal, Bitfinex (btc-US) has the highest financing rate at this time, while Bitmex (Xbtusd) and OKX (btc-USD-SWAP) are the only two negative encryption exchanges financing rates. The gap suggests that merchants have different opinions about the market on different platforms.
Addressing what development could mean for bitcoin, Alphractal declared that if the financing rate remains positive, it can be a sign of excess confidence and the possibility of liquidation should btc price Continue falling. However, you can indicate a more bearish market for btc where short positions dominate if the rate becomes negative in all areas.
Meanwhile, Alphractal stressed that most exchanges still show positive financing rates, since they maintain a general average above zero. Specifically, maintaining a general average above zero suggests that the market is not yet generally bassist even though it has decreased.
Premium index coinbase becomes green
Another metric that has <a target="_blank" href="https://x.com/IT_Tech_PL/status/1888893369562042788″ target=”_blank” rel=”noopener nofollow”>turned Positive in the midst of diminishing price movements is the Coinbase Prima Index. An increase in metric demonstrates renewed trust and Demand in btc Among US institutional investors.
Related reading: bitcoin Coinbase Premium Index POSITIVE VOLTAIN As the euphoria of the market increases, an imminent rally?
Since the index became positive, it has affected btc positively, causing a bouncing of the $ 94,000 mark to the level of $ 97,000. However, the active badge must recover above $ 100,000 to establish a prolonged promoting impulse.
At the time of writing, bitcoin has fallen by more than 2%, which has its price at the level of $ 97,400. Since the feeling of investors increases as evidenced by an increase of almost 84%, the fall can change towards the rise shortly.
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