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via CoinDesk · By CoinDesk Staff

The great derivatives disconnect: Why 'negative' funding is actually a bullish signal for Bitcoin

BTC

BTC/USDT

$59,532.00

-1.97%

$59,532.00

-1.97%

(24s)

24h Volume

$29,321,548,394.63

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.6%

Long: 71.6%Short: 28.4%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,468.42

▼ -2.64%

Volume (24h): -

Resistance Levels

Resistance 3$62,909.86

Resistance 2$61,582.21

Resistance 1$59,848.61

Price$59,468.42

Support 1$59,453.63

Support 2$58,115.01

Support 3$51,387.09

Pivot (PP):$59,848.61

Trend:Downtrend

RSI (14):29.9

CoinDesk Staff

(03:50 PM UTC)

1 min read

Updated byDavid Kim

512 views

0 comments

Panelists are split on the four-year cycle's relevance, with year-end price targets varying widely from potentially not reaching a new high to possible targets of $150k or $250k.

Bitcoin BTC$79,983.27 funding rates are flashing one of the most bearish positioning signals in years, even as spot prices keep grinding higher.

Funding rates have been running near minus 4% annualized, James Aitchison…

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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Source

CoinDesk Staff · CoinDesk

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