According to Odaily, Matrixport released a chart indicating that despite Bitcoin’s inherent volatility, its funding rates have returned to near zero. This suggests that even with the recent recovery in Bitcoin prices, long positions in the futures trading market are not being exploited heavily. This scenario provides traders with an opportunity to increase their long positions, which could lead to higher prices. However, the low funding rates also mean that the recent price surge may have been driven by spot buying, which is more strategic and long-term compared to speculative futures trading. Overall, this is a positive sign, suggesting that the market is not being exploited and there is potential for further price increases in the future.
