😮 Bitcoin saw an enormous jump to ~$90,087 on @coinbase 2 hours ago before quickly sliding back to its current ~$86,580 market value. Bitcoin’s rising positive funding rates on exchanges signals more leveraged long positions, which historically has led to sharp liquidations and higher volatility, including recent tops and pullbacks. 📊 Ethereum contrasts this trend, with shorts outweighing longs for now, suggesting weaker bullish conviction and less risk dynamics than $BTC. But all assets will still move with Bitcoin, meaning Bitcoin's funding rates must stay neutral or go negative in order to justify a clear path back to $100K and for altcoins to rebound. 🧐 Track the total aggregated funding rates for Bitcoin & Ethereum any time with this helpful chart dashboard. 👇 app.santiment.net/s/iUiEzzfd?u...…

From Twitter
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
Share
Relevant content



