Matrixport: Bitcoin funding rate continues to decline, price may hit a new high after a brief drop
Matrixport has released graphics and text on the X platform indicating that the Bitcoin funding rate continues to decline, reflecting a weakening of market sentiment. Although funding rates and open interest have been correlated in the past, current open interest remains at a relatively high level, which could cause prices to briefly decline before reaching a new all-time high.
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.
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