BTC
🔥Friends Bitcoin price uptrend continues
Two indicators of Bitcoin (BTC) show that the price may continue to rise in the coming weeks.
Bitcoin broke its own price record in March, approaching $74,000. Despite a small drop, Bitcoin is trying to regain strength and its trading price is still slightly below $70,000. The bullish trend continues
According to the financial services company Matrixport, the current data in the derivatives market favors Bitcoin bulls.
Analysts said that investors' views have turned to the bullish direction. As a result, the funding rate has been trending positive for several weeks.
The funding rate is used to balance the price of futures contracts with the spot price. Based on the price difference between the two, it can be seen that long holders pay short holders, or short holders pay long holders.
This funding rate means that investors holding long positions are paying counterparties (this usually happens when the market trend is bullish)
Based on 24-hour data, it is in favor of longs: Matrixport analysts emphasized that the futures market's open interest has increased in the past 24 hours. The analyst said: "This shows that futures traders expect Bitcoin's rally to continue." #BNB突破660 #BTC走势分析 #现货以太坊ETF获美SEC批准
