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Matrixport: BTC average funding rate is negative, which may make futures traders uncertain about the upside potential in the current environment

CointimeCointime2024/04/23 12:28
By:Cointime

Matrixport has stated that the average funding rate (annualized) for Bitcoin has become negative. This is a real challenge for investors seeking to arbitrage with cryptocurrencies, but it also indicates that futures traders are not willing to deploy a large amount of new capital. One reason may be that futures traders are becoming uncertain about the current upward space.

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