According to Foresight News, glassnode tweeted that despite the significant increase in BTC price, the perpetual futures funding rate remains at a neutral level of around 0.007% (annualized 7.6%), indicating that long positions are still relatively moderate. The derivatives market appears to be catching up with the spot market, and the limited leverage suggests this is a healthy and sustainable trend.
Data: Long positions remain modest, limited leverage suggests a healthy and sustainable trend
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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