Bitcoin Funding Rates Signal Reduced Bearish Sentiment Amid Range-Bound Action
According to Coinglass data, Bitcoin is trading sideways while funding rates on major exchanges indicate a shift in market positioning and a decrease in bearish outlook.
BTC
Summary
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Terms & Concepts
Funding Rates: Periodic payments between traders in perpetual futures markets, used to keep the contract price aligned with the spot price.
Range-bound: A market condition where an asset's price fluctuates between a specific high and low level without a clear directional trend.