Bitcoin perpetual funding rates fluctuate with market sentiment in 2024
Bitcoin futures perpetual funding rates provide valuable insights into the market’s current forces. Throughout 2024, these rates have fluctuated, reflecting trader sentiment and market volatility. However, the start of Q2 market turbulence led to several instances where funding rates turned negative, signifying a shift towards bearish sentiment. Notably, these negative funding rates often coincided with significant price drops, suggesting traders’ anticipation of further declines.
Source
@BitcoinAltcoinCryptoNews
