Bitcoin and ether perpetual futures funding rates still elevat | Crypto | Ethereum | Bitcoin
Bitcoin and ether perpetual futures funding rates still elevated despite downturn in spot prices
Bitcoin and ether perpetual futures funding rates are still elevated despite the spot prices of each asset falling by 7% and 6% respectively, in the past 24 hours. The global cryptocurrency market cap fell 5.8% in the past 24 hours to $2.5 trillion, according to CoinGecko data. This means that speculators are still adding to leveraged longs on the dip," Tuesday's QCP Capital market report said.
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