Funding rates flip marginally positive after cascade of negative funding

What's new?

Funding rates flipped positive intra-day on 6 May.

Why is this relevant?

A sustained negative funding regime is, historically, a bearish signal seen during bear markets.

What does the data tell us?

On-chain data shows small bouts of positive funding that quickly reverses. This shows bears are clearly in control at the moment.

www.numbrs.com
Securely store your Bitcoins in Switzerland.

When you keep Bitcoin at an exchange or bank, they own it. With a Numbrs Bitcoin Account you own it.

By opening the Numbrs Bitcoin Account account, you agree with our Terms and Conditions and Privacy Policy.

Conclusion
We conclude futures traders continue to position themselves to benefit from lower prices in Bitcoin. On a historical basis, funding remains in a healthy range and should not be considered elevated.

Subscribe to our Newsletter