Bitcoin Funding Rate Turns Negative As Traders Short Top Altcoins

coingape.com

16 hour ago

Amid the repetitive rejection above $110,000 levels, Bitcoin funding rates have turned negative as the BTC shorts pile up. This highlights growing bearish sentiment with spending from the long-term BTC holders on the rise as well. Similarly, short positions have also built up for some of the top altcoins such as Cardano (ADA), and Binance Coin (BNB).

https://coingape.com/bitcoin-funding-rate-turns-negative-as-traders-short-top-altcoins/?utm_source=CryptoNews&utm_medium=app