Market Wrap: Metaverse Tokens Rise; Crypto Analysts Expect More Volatility – CoinDesk

With so much uncertainty, traders have been unwilling to express a strong bullish or bearish bias. For example, funding rates, or the cost to fund long and short positions in the perpetual futures market, have been moved between neutral and negative over the past few months. That means traders holding short positions have been dominant in the market, willing to pay long traders to express a bearish view.

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