The seven-day average funding rate of the Bitcoin perpetual contract is approximately 0.02%, reaching a high in the past two years.
On November 17th, according to CryptoQuant data, the average funding rate for BTCUSDT">Bitcoin perpetual contracts was about 0.02%, reaching a nearly two-year high and approaching the level of the last quarter of 2021 when Bitcoin was rising towards its peak. In addition, Deribit data shows that by the end of December, there will be a large number of bullish options bets on Bitcoin reaching 40,000 to 45,000 US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin price prepares for ‘70% to 80%’ gain as onchain metrics and spot BTC ETF inflows spike
Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators
In Brief SUI cryptocurrency shows optimism through positive technical indicators. Experts believe SUI is poised for a potential upward movement. Institutional predictions suggest significant price levels could be reached for SUI.
Massive OM Token Burn Sparks Investor Debate and Market Tension
In Brief Mullin announced a significant burn of 300 million OM tokens to reduce supply. Investor confidence is shaken as whale movements raise concerns about potential sell-offs. Market sentiment remains crucial as analysts call for additional measures for recovery.
Who is Patrice Evra, French football legend, set to speak at Token 2049 Dubai?
Trending news
MoreCrypto prices
More
