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Highest fear? Bitcoin funding rates plummet to their lowest level in 7 months

Highest fear? Bitcoin funding rates plummet to their lowest level in 7 months

The financing rate of (BTC) has fallen to a level that has not been seen as a Bitcoin price since September 2020 fell below $ 52,000 on April 18th. Quant trader and analyst Lex Moskovski shows that fear has returned to the market.

According to Glassnode, the average financing rate for Bitcoin futures on all exchanges fell to around -0.03% on Sunday

Bitcoin Futures Perpetual Funding Rate. Source: Glassnode 15-Minute Price Chart (Binance). Source: trade view

Read on on Coin Telegraph

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