Bitcoin funding rate has turned positive as liquidations soar over $230M Quick Take
- The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take crypto liquidations in the past 24 hours to $240 million.
- The majority of the liquidations are short liquidations at roughly $190m.
- While the three largest Bitcoin cohorts have started accumulating over the weekend, I would suggest retail would follow sharply as smart money moves first.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
