The seven-day average funding rate of the Bitcoin perpetual contract is approximately 0.02%, reaching a high in the past two years.
On November 17th, according to CryptoQuant data, the average funding rate for BTCUSDT">Bitcoin perpetual contracts was about 0.02%, reaching a nearly two-year high and approaching the level of the last quarter of 2021 when Bitcoin was rising towards its peak. In addition, Deribit data shows that by the end of December, there will be a large number of bullish options bets on Bitcoin reaching 40,000 to 45,000 US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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