How traders use funding rates to gauge market sentiment

📌 How traders use funding rates to gauge market sentiment

$\\n \\n$BTC A glimpse into the current crypto atmosphere. Bitcoin$

$BTC A glimpse into the current crypto atmosphere

Forecasting the near-term direction: buy (steady growth 📈)

– Bitcoin (BTC) at the moment: 109706.20 ( 0.57%🍀)

– Funding rate ” 0.0025%” (gradually heating sentiment):

⬜⬜⬜⬜⬜⬜⬜⬜⬜⬜

– The Open Interest measure: 77.171B

– Liquidation snapshot (24h):

Bearish side (short): -1.002B

Long traders: 5.765M

#Bitcoin #BTC

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