BTC funding rate turns negative, short positions in BNB, ADA and other tokens increase

This article is machine translated
Show original

According to Foresight News, as monitored by glassnode, Bitcoin's funding rate has just turned negative. Among the top ten cryptocurrencies by market cap, short positions are quietly being established, with BNB and ADA both showing signs of pressure. Notably, Solana currently ranks sixth lowest in funding rates among all assets trackable in glassnode Studio.

Source
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.
Like
Add to Favorites
Comments