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The ultimate fear? Bitcoin funding rate drops to a 7-month low According to Cointelegraph


The ultimate fear? Bitcoin funding rate drops to a 7-month low

Funding rate of (BTC) has fallen to levels not seen since September 2020 when the price of Bitcoin plummeted to below $ 52,000 on April 18. Quantum trader and analyst Lex Moskovski says it shows fear is back in the market.

According to data from Glassnode, the average Bitcoin futures funding rate across all exchanges fell to as low as -0.03% on Sunday.

Percentage of perpetual funding of Bitcoin futures. Source: Glassnode
15-minute price chart (Binance). Source: Tradingview