According to Odaily Planet Daily, NYDIG recently studied the basis of the Bitcoin market rebound, pointing out that the funding rate of BTC perpetual swap contracts has reached its highest point since the ETF rebound in March.
Although the BTC price is hovering around $90,000, the funding rate has eased, but it is still higher than the historical average. In addition, stablecoins are an important way for investors to convert cash into cryptocurrencies.
After the election, the total circulation of stablecoins increased by $6.2 billion, indicating that new funds have poured in to buy digital assets such as Bitcoin. Most of the stablecoin issuance comes from USDT because it is the main quote currency on offshore exchanges.
As cryptocurrency prices rise and demand for stablecoins grows, USDT prices have shifted from a discount to a premium, indicating an increase in investor demand for digital assets.
