Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Data shows the Bitcoin Funding Rates are still calm across the exchanges, a sign that investors haven’t developed excessive hype around BTC yet.
Mean Bitcoin Futures Funding Rate Is Currently Hovering Around 0.007%
Trending: President Trump Reveals Touching Reason He Was In Such A Hurry To Leave UAE
In its latest weekly report, the analytics firm Glassnode has discussed about how the Open Interest and Funding Rates related to the Bitcoin futures market have changed recently.
First, the “Open Interest” refers to an indicator that keeps track of the total amount of futures positions related to BTC are currently open on all centralized exchanges.
Here is the chart shared for the metric shared by the analytics firm in the report:
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!