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via CoinDesk · By CoinDesk Staff
Onchain data and funding rates indicate bitcoin’s worst correction phase could be over
BTC
BTC/USDT
$61,770.25
-1.60%
$61,770.25
-1.60%
(24s)24h Volume
$29,448,792,412.51
24h H/L
$63,239.06 / $59,102.70
Change: $4,136.36 (7.00%)
Long/Short
68.7%
Long: 68.7%Short: 31.3%
Funding Rate
-0.0006%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(11:57 AM UTC)
1 min read
708 views
0 commentsThese bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom
Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year.
The biggest question facing bitcoin BTC$77,340.41 investors is whether the market bottom was set in early February, when the largest…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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