📊 $BTC Funding Rate Update (19 December)
🕒 Time (UTC): 2:40 PM
• Open Interest Weighted Funding Rate: 0.0082%
• Volume Weighted Funding Rate: 0.0080%
📌 What is the Funding Rate?
Funding rate is a crucial metric for perpetual futures contracts, helping balance long and short positions. Traders either pay or receive a fee based on market demand and sentiment:
• Positive Funding Rate:
• Long traders pay short traders.
• Indicates bullish sentiment with rising demand for long positions.
• Currently, the positive funding rate reflects market strength and potential price momentum.
• Negative Funding Rate:
• Short traders pay long traders.
• Reflects bearish sentiment.
📈 Current Market Insight:
With a stable and positive funding rate, Bitcoin’s market shows dominance by long positions. This creates a potential opportunity for traders aligned with the current bullish trend.
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