Comparison of BTC funding rate annualized and BTC futures positions (billions)
Matrixport Research shared that Bitcoin's funding rate has been positive in the past few weeks as market sentiment has turned positive and bullish. Bitcoin futures open interest has also increased in the past 24 hours. This shows that futures traders expect Bitcoin to continue to rise.
More BTC related market information:
On June 3, the Hong Kong Bitcoin spot ETF's single-day net subscription volume reached 461.42 coins, setting the second highest single-day net subscription record in history except for the first day of Bitcoin ETF trading (net subscription volume of 3,910 coins).
According to Bitcoin Magazine, Australia’s first spot Bitcoin ETF IBTC has officially started trading. Monochrome Asset Management submitted an application for a spot Bitcoin ETF in April and quickly obtained approval from the Australian Securities and Investments Commission (ASIC).
Disclaimer: The market is risky and investment should be cautious. This article does not constitute investment advice. Digital asset trading can be extremely risky and unstable. Investment decisions should be made after carefully considering personal circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.
