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Matrixport: Perpetual contract funding rates regain bullish momentum
Editor
2 hours ago 1,071
Golden Finance reported that Matrixport released today’s chart report stating that recently, the funding rate of the perpetual contract has dropped significantly, which is in sharp contrast to the high in November last year (the funding rate was at an excessively high level at that time). From a historical perspective, such high levels often mean that the market has peaked in the short term, and then the market needs time to correct. Typically, this corrective phase is accompanied by a pullback in funding rates and the liquidation of highly leveraged long positions. The same is true this time. As of mid-January, funding rates had fallen to single-digit levels, a range typically associated with the continuation of a bull market. Recently, funding rates have risen to double-digit levels again, signaling a pickup in speculative activity. This upward trend is a positive sign, reflecting increased trader confidence and willingness to pay higher funding rates to increase leverage, potentially driving the next stage of the bull market.
Keywords: Bitcoin
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