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Bitcoin funding rate flips negative once $48K retest — Was it a bear trap?

Bitcoin value is over 20% far away from its incomparable high, however the present negative funding rate on BTC futures would possibly offer bulls a singular advantage. As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered a negative piece of ground. This uncommon state of affairs causes the shorts, investors looking on value drawback, to pay fees each eight hours. While the speed itself is gently damaging, this case creates incentives for arbitrage desks and market manufacturers to shop for perpetual contracts (inverse swaps) whereas at the same time merchandising the longer term…

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