Per Glassnode, bitcoin’s funding rates recently dipped to negative territory. This, coupled with high open interest, suggests leverage is skewed to the bearish side. So, if bitcoin continues to move sideways, the funding payment would become a burden for shorts, and they may decide to unwind their position, leading to volatility on the higher side.
from WordPress https://ift.tt/3Ik80pf
via IFTTT
No comments:
Post a Comment