Market overview: The role of funding rates in trading

📌 Market overview: The role of funding rates in trading

$\\n \\n$BTC Examining the days tapestry woven by crypto market forces. Bitcoin$

$BTC Examining the day’s tapestry woven by crypto market forces

Distilling the market’s hints, one might: buy (steady growth 📈)

– Focusing on Bitcoin (BTC) now: 84707.00 ( 0.34%🍀)

– Financing rate ” 0.0011%” (mild long-side pressure):

⬜⬜⬜⬜⬜⬜⬜⬜⬜⬜

– Present OI value: 49.051B

– Today’s forced exits (24h):

Short-oriented positions: -25.163M

Long pressure side: 49.797M

#Bitcoin #BTC

Bitcoin

$93,258.18

BTC 5.48%

Ethereum

$1,782.87

ETH 12.29%

Binance Coin

$618.07

BNB 2.67%

XRP

$2.21

XRP 5.63%

Dogecoin

$0.18

DOGE 12.25%

Cardano

$0.68

ADA 8.74%

Solana

$148.75

SOL 6.90%